BC Real Estate Trading Services Licensing Exam Practice · Question
A licensee receiving trust funds must deposit into the brokerage trust account within:
RESA Rules — deposit promptly into pooled trust.
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Question: A licensee receiving trust funds must deposit into the brokerage trust account within:
Answer options: ✅ The same banking day or next banking day
- 30 days
- 7 days
- Immediately, by 12 pm
Correct answer: The same banking day or next banking day
Explanation: RESA Rules — deposit promptly into pooled trust.
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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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