BC Real Estate Trading Services Licensing Exam Practice · Question
Scenario 34: A licensee is representing a buyer who wants to purchase a property. The licensee becomes aware that the seller is highly motivated to sell due to an upcoming job relocation. What is the licensee's duty regarding this information?
As the buyer's agent, the licensee has a fiduciary duty to disclose all material facts to their principal (the buyer), including information that could strength
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Question: Scenario 34: A licensee is representing a buyer who wants to purchase a property. The licensee becomes aware that the seller is highly motivated to sell due to an upcoming job relocation. What is the licensee's duty regarding this information?
Answer options:
- Keep the information confidential as a fiduciary duty to their buyer client (if it could lead to a lower offer). ✅ Disclose the information to their buyer client.
- Disclose the information to the seller's agent.
- Use the information to try and secure a quick deal for their buyer.
Correct answer: Disclose the information to their buyer client.
Explanation: As the buyer's agent, the licensee has a fiduciary duty to disclose all material facts to their principal (the buyer), including information that could strengthen the buyer's negotiating position, unless it's confidential information received from the seller if also representing the seller. The correct answer is "Disclose the information to their buyer client.". This capacity-fill scenario 34 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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