Quebec Real Estate Licensing Exam Practice · Question
Samantha, a licensed real estate broker in Montréal, holds an exclusive brokerage contract for the sale of a condo owned by Monsieur Lévesque. She recently showed the condo to an unrepresented prospective buyer, Madame Picard, and Madame Picard wants to make an offer. What is Samantha's primary obligation regarding the 'Declarations by the Seller of the Immovable (DV)' form in this situation?
According to the Real Estate Brokerage Act and its regulations, the broker must provide the information document 'Declarations by the Seller of the Immovable (D
Start free practice for Quebec Real Estate Licensing Exam Practice
250 questions · no signup required · 40 free questions per day
Question: Samantha, a licensed real estate broker in Montréal, holds an exclusive brokerage contract for the sale of a condo owned by Monsieur Lévesque. She recently showed the condo to an unrepresented prospective buyer, Madame Picard, and Madame Picard wants to make an offer. What is Samantha's primary obligation regarding the 'Declarations by the Seller of the Immovable (DV)' form in this situation?
Answer options: ✅ Samantha must provide Madame Picard with a copy of the completed DV form and explain its contents before any promise to purchase is signed.
- Samantha must read out the key declarations from the DV form to Madame Picard, but a physical copy is only required upon request.
- Samantha is only obligated to provide the DV form if Madame Picard is represented by her own broker.
- Samantha must advise Madame Picard that she needs to obtain the DV form directly from Monsieur Lévesque.
Correct answer: Samantha must provide Madame Picard with a copy of the completed DV form and explain its contents before any promise to purchase is signed.
Explanation: According to the Real Estate Brokerage Act and its regulations, the broker must provide the information document 'Declarations by the Seller of the Immovable (DV)' to any prospective buyer before they submit a promise to purchase.
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.