BC Real Estate Trading Services Licensing Exam Practice · Question
Scenario 51: When can a real estate licensee charge a referral fee?
A licensee can charge or receive a referral fee, but it must be clearly and promptly disclosed in writing to all parties involved in the transaction before any
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Question: Scenario 51: When can a real estate licensee charge a referral fee?
Answer options: ✅ Only if disclosed to all parties involved.
- Whenever they refer business to another licensee.
- Only if they also provide direct real estate services.
- Referral fees are strictly prohibited under RESA.
Correct answer: Only if disclosed to all parties involved.
Explanation: A licensee can charge or receive a referral fee, but it must be clearly and promptly disclosed in writing to all parties involved in the transaction before any agreement is signed. The correct answer is "Only if disclosed to all parties involved.". This capacity-fill scenario 51 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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