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Agency & Professional EthicsBCEASY

The Disclosure of Representation in Trading Services that BC licensees must give under Rules s. 54 must include which of the following?

Correct Answer

A) Information about the buyer's right of rescission under the Property Law Act

Rules s. 54(2) requires the disclosure, in a form approved by the superintendent, to include the duties and responsibilities of licensees to clients and unrepresented parties, how to file a complaint about a licensee, and information about the right of rescission under Property Law Act s. 42.

Answer Options
A
Information about the buyer's right of rescission under the Property Law Act
B
A copy of the licensee's errors and omissions insurance policy
C
The seller's Property Disclosure Statement for the property
D
A written service agreement setting out the services the licensee will provide

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Key Terms

disclosure of representationRules s. 54home buyer rescission periodProperty Law Act s. 42
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