BC Real Estate Trading Services Licensing Exam Practice · Question
A licensee is representing a buyer who wants to purchase a property. The licensee becomes aware that the seller is highly motivated to sell due to an upcoming job relocation. What is the licensee's duty regarding this information?
As the buyer's agent, the licensee has a fiduciary duty to disclose all material facts to their principal (the buyer), including information that could strength
Start free practice for BC Real Estate Trading Services Licensing Exam Practice
242 questions · no signup required · 40 free questions per day
Question: A licensee is representing a buyer who wants to purchase a property. The licensee becomes aware that the seller is highly motivated to sell due to an upcoming job relocation. What is the licensee's duty regarding this information?
Answer options:
- Keep the information confidential as a fiduciary duty to their buyer client (if it could lead to a lower offer). ✅ Disclose the information to their buyer client.
- Disclose the information to the seller's agent.
- Use the information to try and secure a quick deal for their buyer.
Correct answer: Disclose the information to their buyer client.
Explanation: As the buyer's agent, the licensee has a fiduciary duty to disclose all material facts to their principal (the buyer), including information that could strengthen the buyer's negotiating position, unless it's confidential information received from the seller if also representing the seller.
Start free practice for BC Real Estate Trading Services Licensing Exam Practice
242 questions · no signup required · 40 free questions per day
More about BC Real Estate Trading Services Licensing Exam Practice
Related Questions
- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
- Michael, a real estate licensee, is assisting his client Jane in purchasing a commercial property at 123 Main
- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
- Maria is purchasing a unit in a newly constructed strata building in Squamish. Her real estate licensee, Ken,
- A B.C. lawyer, acting on forged documents, fraudulently transferred a property located in Victoria from its ri
- A buyer is looking to purchase a home for $800,000 in Vancouver. They have saved a down payment of $100,000. W
More for BC Real Estate Trading Services Licensing Exam Practice candidates
Question explanations
- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
- Michael, a real estate licensee, is assisting his client Jane in purchasing a commercial property at 123 Main
- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
- Maria is purchasing a unit in a newly constructed strata building in Squamish. Her real estate licensee, Ken,
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free BC Real Estate Trading Services Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.