BC Real Estate Trading Services Licensing Exam Practice · Question
Which of the following describes the legal relationship created when a seller signs a listing agreement with a real estate brokerage?
A listing agreement creates an agency relationship where the seller is the principal and the brokerage (and its licensees) acts as the agent, owing fiduciary du
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Question: Which of the following describes the legal relationship created when a seller signs a listing agreement with a real estate brokerage?
Answer options:
- Principal-independent contractor relationship. ✅ Principal-agent relationship.
- Client-customer relationship.
- Joint venture relationship.
Correct answer: Principal-agent relationship.
Explanation: A listing agreement creates an agency relationship where the seller is the principal and the brokerage (and its licensees) acts as the agent, owing fiduciary duties to the seller.
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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,
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