Under Alberta's Real Estate Act, which description best matches the definition of a 'trade' in real estate?
Correct Answer
C) Buying or selling real estate, and offering, listing, advertising, showing or soliciting such deals
Section 1(1)(x) of the Real Estate Act defines trade to include a purchase or sale of real estate, an offer to purchase or sell, offering, advertising, listing or showing real estate for purchase or sale, holding oneself out as trading, soliciting or negotiating a contract for any of those, and any act in furtherance of them. Leasing and collecting rent fall under the separate definition of property management in s. 1(1)(s.1), which is a distinct licensed activity.
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