BC Real Estate Trading Services Licensing Exam Practice · Question
Scenario 43: Which of the following describes the legal relationship created when a seller signs a listing agreement with a real estate brokerage?
A listing agreement creates an agency relationship where the seller is the principal and the brokerage (and its licensees) acts as the agent, owing fiduciary du
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Question: Scenario 43: Which of the following describes the legal relationship created when a seller signs a listing agreement with a real estate brokerage?
Answer options:
- Principal-independent contractor relationship. ✅ Principal-agent relationship.
- Client-customer relationship.
- Joint venture relationship.
Correct answer: Principal-agent relationship.
Explanation: A listing agreement creates an agency relationship where the seller is the principal and the brokerage (and its licensees) acts as the agent, owing fiduciary duties to the seller. The correct answer is "Principal-agent relationship.". This capacity-fill scenario 43 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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