BC Real Estate Trading Services Licensing Exam Practice · Question
Scenario 3: Which body regulates real estate licensees in British Columbia?
Since August 2021, BCFSA is the sole regulator of real estate professionals in BC under RESA. The correct answer is "BCFSA (BC Financial Services Authority)". T
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Question: Scenario 3: Which body regulates real estate licensees in British Columbia?
Answer options: ✅ BCFSA (BC Financial Services Authority)
- RECA
- FSRA
- CREA
Correct answer: BCFSA (BC Financial Services Authority)
Explanation: Since August 2021, BCFSA is the sole regulator of real estate professionals in BC under RESA. The correct answer is "BCFSA (BC Financial Services Authority)". This capacity-fill scenario 3 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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