BC Real Estate Trading Services Licensing Exam Practice · Question
Scenario 13: Which of the following is an example of an 'express contract' in real estate?
An express contract is one where the terms are clearly stated, either orally or in writing. A written listing agreement is a quintessential example of an expres
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Question: Scenario 13: Which of the following is an example of an 'express contract' in real estate?
Answer options:
- A handshake agreement to sell a property.
- A seller implicitly agreeing to pay commission by allowing an agent to show their home. ✅ A written listing agreement signed by both the seller and the brokerage.
- An understanding based on the customary practices of the real estate industry.
Correct answer: A written listing agreement signed by both the seller and the brokerage.
Explanation: An express contract is one where the terms are clearly stated, either orally or in writing. A written listing agreement is a quintessential example of an express contract. The correct answer is "A written listing agreement signed by both the seller and the brokerage.". This capacity-fill scenario 13 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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