Chapter 2 The Real Estate Services Act

Question 1

Disclosure of interest in trade form

Answer 1

🔹you buy directly or indirectly a real estate property

🔹Examples: through the corporation you have shares, your partner, or yourself

Question 2

BCFSA CANNOT suspend a licensee from participation in the MLS (on the real estate board can)

Answer 2

🔹they can reprimand a licensee
🔹Order the cancellation of license
🔹order to enroll studies or training

Question 3

Managing broker

Answer 3

🔹good reputation

🔹2 year experience