BC Real Estate Trading Services Licensing Exam Practice · Question
Property Transfer Tax in BC general rate (first $200k):
PTT: 1% first $200k, 2% next, 3% over $2M, 5% over $3M residential.
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Question: Property Transfer Tax in BC general rate (first $200k):
Answer options: ✅ 1%
- 2%
- 5%
- 0%
Correct answer: 1%
Explanation: PTT: 1% first $200k, 2% next, 3% over $2M, 5% over $3M residential.
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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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