Before providing trading services to a party, which disclosure form must a BC licensee give that party?
Correct Answer
A) Disclosure of Representation in Trading Services
Real Estate Services Rules s. 54(1) requires a licensee, before providing trading services to or on behalf of a party, to disclose whether or not the licensee will represent that party as a client. The disclosure must be in the superintendent's approved form, the Disclosure of Representation in Trading Services, and must explain duties to clients and unrepresented parties, how to complain, and the home buyer rescission right (s. 54(2)).
Why This Is the Correct Answer
This answer is correct. Section 54 requires the Disclosure of Representation in Trading Services, in the approved form, before a licensee provides trading services to a party.
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