BC Real Estate Trading Services Licensing Exam Practice · Question
When can a real estate licensee charge a referral fee?
A licensee can charge or receive a referral fee, but it must be clearly and promptly disclosed in writing to all parties involved in the transaction before any
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Question: When can a real estate licensee charge a referral fee?
Answer options: ✅ Only if disclosed to all parties involved.
- Whenever they refer business to another licensee.
- Only if they also provide direct real estate services.
- Referral fees are strictly prohibited under RESA.
Correct answer: Only if disclosed to all parties involved.
Explanation: A licensee can charge or receive a referral fee, but it must be clearly and promptly disclosed in writing to all parties involved in the transaction before any agreement is signed.
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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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