Quebec Real Estate Licensing Exam Practice · Question
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
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Question: 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.
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