An agent hands a buyer the agency’s expression of interest statement form to sign before accepting her deposit. When must the agent give the buyer a copy of the signed statement?
Correct Answer
B) Immediately after the buyer signs it
Rule 16 of Schedule 1 says an agent who tenders a document to a person for signature must give that person a copy immediately after they sign it. Because the agent tendered the expression of interest statement for signature, it is such a document.
Why This Is the Correct Answer
Rule 16 requires a copy to be given immediately after signing.
Why the Other Options Are Wrong
Background Knowledge for Ethics Compliance
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