Under the RECA Rules, when must an Alberta real estate professional disclose a conflict of interest, such as a personal interest in a property, to a client?
Correct Answer
D) At the earliest practical opportunity, with written consent before providing services
Rule 41(f) of the RECA Rules requires licensees to disclose to clients any conflict of interest at the earliest practical opportunity, and Rule 54(3) bars providing services in a trade where the licensee has a conflict without the party's written and informed consent. Rule 55(1) also requires written disclosure of any conflict before eliciting confidential information or entering a service agreement, and Rule 62 requires written disclosure when a licensee trades on their own behalf.
Why This Is the Correct Answer
The Rules require disclosure at the earliest practical opportunity (Rule 41(f)), in writing before eliciting confidential information or entering a service agreement (Rule 55(1)), and written, informed consent before the licensee provides services in a conflicted trade (Rule 54(3)). This answer captures that timing and the consent requirement.
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