Quebec Real Estate Licensing Exam Practice · Question
Upon the successful sale of a multiplex in Laval, broker Nathalie Tremblay ensures that all documentation, including the brokerage contract, promise to purchase, counter-proposals, declarations by the seller, and all relevant correspondence, is properly filed. For how long must Nathalie maintain these records?
According to Article 43 of the Regulation respecting brokerage requirements, professional conduct of brokers and advertising, a broker must keep registers, book
Start free practice for Quebec Real Estate Licensing Exam Practice
250 questions · no signup required · 40 free questions per day
Question: Upon the successful sale of a multiplex in Laval, broker Nathalie Tremblay ensures that all documentation, including the brokerage contract, promise to purchase, counter-proposals, declarations by the seller, and all relevant correspondence, is properly filed. For how long must Nathalie maintain these records?
Answer options:
- Three years from the date of the notarial act.
- Five years from the date of the notarial act.
- Seven years from the date of the notarial act. ✅ Ten years from the date of the notarial act.
Correct answer: Ten years from the date of the notarial act.
Explanation: According to Article 43 of the Regulation respecting brokerage requirements, professional conduct of brokers and advertising, a broker must keep registers, books, and records for at least ten years following the closing of the transaction.
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.