BC Real Estate Trading Services Licensing Exam Practice · Question
A listing agent, Kevin, receives two offers on his seller client's Vancouver condo: Offer A for $750,000 with conditions and a closing date in 60 days, and Offer B for $730,000, unconditional, with a 30-day closing. Kevin believes Offer B is stronger due to its unconditional nature, but Offer A is for a higher price. What must Kevin do?
A licensee must present all offers to their client as soon as practicable. BCFSA Rule 3-3(1)(a) requires a licensee to act in the best interests of the client,
Start free practice for BC Real Estate Trading Services Licensing Exam Practice
242 questions · no signup required · 40 free questions per day
Question: A listing agent, Kevin, receives two offers on his seller client's Vancouver condo: Offer A for $750,000 with conditions and a closing date in 60 days, and Offer B for $730,000, unconditional, with a 30-day closing. Kevin believes Offer B is stronger due to its unconditional nature, but Offer A is for a higher price. What must Kevin do?
Answer options:
- Kevin should present only Offer B to his client, as it is more likely to close quickly and with less risk. ✅ Kevin must present both offers to his client and provide an objective analysis of each offer's terms and conditions, allowing the seller to make the final decision.
- Kevin should advise his client to accept Offer B immediately and use Offer A as a backup if B falls through.
- Kevin must present Offer A first, and if rejected, then present Offer B.
Correct answer: Kevin must present both offers to his client and provide an objective analysis of each offer's terms and conditions, allowing the seller to make the final decision.
Explanation: A licensee must present all offers to their client as soon as practicable. BCFSA Rule 3-3(1)(a) requires a licensee to act in the best interests of the client, which includes providing all material information and objective advice for the client to make informed decisions.
Start free practice for BC Real Estate Trading Services Licensing Exam Practice
242 questions · no signup required · 40 free questions per day
More about BC Real Estate Trading Services Licensing Exam Practice
Related Questions
- 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,
- A B.C. lawyer, acting on forged documents, fraudulently transferred a property located in Victoria from its ri
- A buyer is looking to purchase a home for $800,000 in Vancouver. They have saved a down payment of $100,000. W
More for BC Real Estate Trading Services Licensing Exam Practice candidates
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,
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free BC Real Estate Trading Services Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.