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.
Why This Is the Correct Answer
Section 54(2) lists the rescission right under s. 42 of the Property Law Act as required content of the disclosure.
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