Quebec Real Estate Licensing Exam Practice · Question
Scenario 30: Deposits collected by a Quebec brokerage are held in a:
Brokerages must hold deposits in a dedicated trust account. The correct answer is "Brokerage trust account". This reflects the accepted standard for the qc-real
Start free practice for Quebec Real Estate Licensing Exam Practice
250 questions · no signup required · 40 free questions per day
Question: Scenario 30: Deposits collected by a Quebec brokerage are held in a:
Answer options:
- General operating account ✅ Brokerage trust account
- Notary's account by default
- Bank GIC
Correct answer: Brokerage trust account
Explanation: Brokerages must hold deposits in a dedicated trust account. The correct answer is "Brokerage trust account". This reflects the accepted standard for the qc-real-estate assessment and aligns with the official handbook for this competency. The correct answer is "Brokerage trust account". This capacity-fill scenario 30 reinforces the same competency for the qc-real-estate bank and follows the certified explanation standard.
Start free practice for Quebec Real Estate Licensing Exam Practice
250 questions · no signup required · 40 free questions per day
More about Quebec Real Estate Licensing Exam Practice
Related Questions
- Quebec GST + QST on new residential generally:
- Brokers acting as common intermediary (double representation) must:
- Brokerage contract for sale of immovable must be:
- OACIQ Fund for Real Estate Indemnification compensates:
- Quebec real estate trust accounts are audited by:
- Property co-ownership in QC is called:
More for Quebec Real Estate Licensing Exam Practice candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Quebec Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.