A BC licensee wants to buy a property that they have listed for a seller client. What do the Real Estate Services Rules require?
Correct Answer
D) A written disclosure of interest in trade to the seller, before any agreement
Rules s. 53(1) requires a licensee who is to acquire real estate to make a disclosure to the owner. Under s. 53(4) it must be made promptly, before any agreement for the acquisition is entered into, and in a form approved by the superintendent, including the licensee's intended use of the property.
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