BC Real Estate Trading Services Licensing Exam Practice · Question
Scenario 1: Which of the following is NOT required to be included in a written service agreement for real estate trading services in British Columbia?
While advertising methods may be discussed, RESA and its regulations do not mandate their inclusion in a written service agreement. The other options are statut
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Question: Scenario 1: Which of the following is NOT required to be included in a written service agreement for real estate trading services in British Columbia?
Answer options:
- The commission or remuneration payable, or the method for calculating it.
- The expiry date of the agreement. ✅ A description of how the agent will advertise the property.
- The names of the parties to the agreement.
Correct answer: A description of how the agent will advertise the property.
Explanation: While advertising methods may be discussed, RESA and its regulations do not mandate their inclusion in a written service agreement. The other options are statutory requirements. The correct answer is "A description of how the agent will advertise the property.". This capacity-fill scenario 1 reinforces the same competency for the bc-real-estate bank and follows the certified explanation standard.
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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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