Under RECA rules, what is a 'trade' in real estate?
Correct Answer
B) Any activity related to buying, selling, leasing, or otherwise dealing in real estate that requires a licence under the Real Estate Act
Under the Real Estate Act, a 'trade' encompasses a broad range of activities related to real estate transactions, including listing, marketing, negotiating, selling, purchasing, leasing, and managing properties. Anyone engaging in these activities for compensation must hold the appropriate RECA licence.
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