Under the RECA Rules, when a licensee receives a signed offer or acceptance, the licensee must give true copies to the parties in a timely manner. What is the likely consequence if a licensee fails to do so?
Correct Answer
C) The licensee may face disciplinary action through RECA
Rule 61 of the RECA Rules requires a licensee who receives a written offer or acceptance to provide true copies to the party and to the other parties in a timely manner; service agreements, by contrast, must be copied to the client immediately upon signature (Rule 43(3)). Breaching a Rule is a regulatory matter: the registrar can investigate conduct deserving of sanction (Real Estate Act s. 38) and a Hearing Panel can impose sanctions (s. 43). The breach does not by itself void the contract or forfeit the commission.
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