100+ Free BC Real Estate Trading Services Exam Practice Questions

Pass your BC Real Estate Trading Services Licensing Examination exam on the first try — instant access, no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

100+ Questions

100% Free

Loading practice questions...

2026 Statistics

Key Facts: BC Real Estate Trading Services Exam Exam

100 questions

The full licensing examination contains 100 multiple-choice questions, each worth one mark

UBC Real Estate Division - Licensing Examination FAQ

3 hours

The Real Estate Trading Services Licensing Examination is three hours in length

UBC Real Estate Division - Licensing Examination FAQ

70%

Seventy percent is the passing grade for all BC real estate licensing examinations

BCFSA - New Examination Requirements

2 attempts

Candidates are allowed two attempts per registration with a 90-day wait after a first failure

UBC Real Estate Division - Challenge and Examination Information

About C$1,450

Course tuition includes the first exam attempt; each rewrite costs C$200

UBC Sauder Real Estate Division

C$875

The BCFSA Residential or Commercial Trading Services Applied Practice Course fee, required before licensing

BCFSA - Applied Practice Course

HP 10bII+

The financial calculator permitted in the examination for mortgage finance math

UBC Real Estate Division - Challenge and Examination Information

BCFSA

The BC Financial Services Authority is the regulator that issues the real estate licence

BCFSA - Education and Licensing

The BC Real Estate Trading Services Licensing Examination is a three-hour, 100-question multiple-choice exam administered by the UBC Sauder School of Business Real Estate Division for BCFSA. The passing grade is 70%, and candidates have two attempts per registration with a mandatory 90-day wait after a first failure. It covers the Real Estate Services Act and Rules, agency, the contract of purchase and sale, property and strata law, mortgage financing and finance math, trust accounts, professional conduct and disclosure. Course tuition is about C$1,450 and includes the first attempt; rewrites cost C$200. This 100-question bank provides original practice modelled on the exam's content areas, with answers and explanations for every option.

Sample BC Real Estate Trading Services Exam Practice Questions

Try these sample questions to test your BC Real Estate Trading Services Exam exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which provincial body is the regulator responsible for licensing real estate professionals in British Columbia?

A.The BC Financial Services Authority (BCFSA)

B.The Canada Mortgage and Housing Corporation (CMHC)

C.The Real Estate Board of Greater Vancouver (REBGV)

D.The Financial Consumer Agency of Canada (FCAC)

Explanation: Since August 2021 the BC Financial Services Authority (BCFSA) is the regulator that administers the Real Estate Services Act and licenses real estate professionals in British Columbia. It assumed the functions formerly performed by the Real Estate Council of BC.

2Which statute is the primary legislation governing the licensing and conduct of real estate professionals in British Columbia?

A.The Strata Property Act

B.The Real Estate Services Act (RESA)

C.The Land Title Act

D.The Property Law Act

Explanation: The Real Estate Services Act (RESA), together with its Regulation and the Real Estate Services Rules, is the principal statute governing the licensing, conduct and discipline of real estate professionals in BC.

3Under the Real Estate Services Act, the term 'trading services' includes which of the following activities?

A.Managing a strata corporation's reserve fund

B.Acting on behalf of a party in the sale or purchase of real estate

C.Appraising real property for lending purposes

D.Surveying the legal boundaries of a parcel of land

Explanation: Trading services under RESA cover activities such as advising on, negotiating, or acting on behalf of a party in the purchase, sale, exchange or lease of real estate. It is the licensing category for traditional sales work.

4A representative (formerly 'salesperson') licensed to provide trading services must conduct that business under which arrangement?

A.Independently, with no brokerage affiliation required

B.Engaged by and under the supervision of a licensed brokerage

C.Directly licensed to hold client deposits in a personal account

D.Only as an employee of BCFSA

Explanation: A representative must be engaged by a licensed brokerage and provide real estate services on behalf of, and under the supervision of, that brokerage and its managing broker. Representatives cannot trade independently.

5Who within a brokerage is primarily responsible for the supervision of licensees and the management of the brokerage's trust accounts?

A.The managing broker

B.Any representative chosen by the brokerage

C.The BCFSA compliance officer

D.The brokerage's external accountant

Explanation: The managing broker is responsible for supervising the conduct of the brokerage's licensees and overseeing the brokerage's books, records and trust accounts as required by RESA and the Rules.

6Under the Real Estate Services Rules, real estate advertising by a licensee must, at a minimum, prominently include:

A.The licensee's personal home address

B.The name of the licensed brokerage

C.The licensee's CELPIP score

D.A photograph of the licensee

Explanation: Advertising must clearly and prominently identify the brokerage by its licensed name so that the public knows which brokerage is responsible for the real estate services being advertised.

7If a licensee becomes aware that another licensee has likely committed a serious contravention of the Real Estate Services Act, the most appropriate action is to:

A.Ignore it, since reporting is optional

B.Report the conduct to BCFSA

C.Confront the client directly

D.Post the concern on social media

Explanation: Licensees are expected to support the integrity of the profession, and serious misconduct should be reported to the regulator, BCFSA, which has the authority to investigate and take disciplinary action.

8A person who provides trading services in British Columbia without holding a valid licence is:

A.Permitted as long as they work under a Realtor

B.Committing an offence under the Real Estate Services Act

C.Allowed if they only deal with commercial property

D.Exempt if they charge no commission

Explanation: Providing real estate services for remuneration without being licensed (or exempt) is a contravention of RESA and is an offence. The licensing requirement protects the public.

9Which of the following best describes the purpose of the Real Estate Services Act and Rules?

A.To maximize commission income for brokerages

B.To protect the public interest by regulating real estate services

C.To set property prices across British Columbia

D.To guarantee that every transaction closes successfully

Explanation: RESA and the Rules exist to protect the public by setting licensing standards and rules of conduct for those providing real estate services. Consumer protection is the central purpose.

10Brokerages must keep books, accounts and records relating to their real estate business. Under the Rules, these records must generally be:

A.Destroyed at the end of each transaction

B.Retained for a prescribed minimum period and made available to BCFSA

C.Kept only in the managing broker's personal possession

D.Shared publicly on the brokerage website

Explanation: The Rules require brokerages to maintain proper records for a prescribed retention period and to produce them to BCFSA on request, supporting effective regulatory oversight.

About the BC Real Estate Trading Services Exam Exam

The Real Estate Trading Services Licensing Examination is the provincial exam candidates must pass to become licensed to provide trading services (residential and commercial sales) in British Columbia. It is delivered by the UBC Sauder School of Business Real Estate Division after completion of the Real Estate Trading Services Licensing Course, and BCFSA (the BC Financial Services Authority) issues the licence. The exam is three hours long and contains 100 multiple-choice questions, each worth one mark, with a passing grade of 70%. It tests the Real Estate Services Act and Rules, agency and professional relationships, the contract of purchase and sale, property and strata law, mortgage financing and finance mathematics, trust accounting, professional conduct and disclosure. After passing, candidates complete a BCFSA Residential or Commercial Applied Practice Course before a licence is issued.

Assessment

100 multiple-choice questions, each worth one mark, drawn from the Real Estate Trading Services Licensing Course covering BC real estate law, agency, contracts, property law, financing, trust accounts, professional conduct and disclosure.

Time Limit

Three hours (180 minutes).

Passing Score

70%. Candidates have two attempts per registration and must wait at least 90 days after a first failure before rewriting.

Exam Fee

Course tuition of about C$1,450 includes the first examination attempt; each rewrite costs C$200. BCFSA licensing fees and the C$875 Applied Practice Course are separate. (UBC Sauder School of Business, Real Estate Division (on behalf of BCFSA))

BC Real Estate Trading Services Exam Exam Content Outline

14%

Real Estate Services Act, Rules and BCFSA Regulation

Licensing categories, the Real Estate Services Act (RESA), the Real Estate Services Rules and BCFSA's role as regulator. Practice covers brokerage and licensee obligations, advertising rules, record-keeping, and the legal framework governing trading services in British Columbia.

12%

Agency and Professional Relationships

Agency law and the fiduciary duties owed to clients, designated agency, the restriction on limited dual agency, and disclosure of representation. Practice covers establishing agency, duties to clients versus customers, and dealing with unrepresented parties.

14%

Contract of Purchase and Sale

Formation and enforceability of contracts, the standard Contract of Purchase and Sale, subject (condition) clauses, deposits, offers and counter-offers, assignments and remedies for breach. Practice emphasizes applying contract law to common transaction scenarios.

14%

Property Law, Title and Strata

Interests in land, the Torrens land title system and indefeasible title, easements, covenants and charges, the Land Title Act, and the Strata Property Act. Practice covers title searches, strata documents, and common forms of property ownership in BC.

16%

Financing and Mortgage Mathematics

Mortgage terms, amortization, interest compounding and rate conversion, payment and outstanding-balance calculations, loan-to-value and qualifying. Practice includes finance math typically solved with the HP 10bII+ financial calculator permitted in the exam.

10%

Trust Accounts and Brokerage Finance

Handling of deposits and trust money, brokerage trust accounts, commission and remuneration rules, and financial record-keeping under RESA and the Rules. Practice covers when funds must be held in trust and how brokerage accounting is regulated.

10%

Professional Conduct and Ethics

Standards of conduct, conflicts of interest, prohibited dealings, the duty to act honestly and with reasonable care and skill, and discipline under RESA. Practice covers ethical decision-making in trading services.

10%

Disclosure Obligations

Disclosure of remuneration, the Property Disclosure Statement, material latent defects, disclosure of interest in trade, and other mandatory disclosures. Practice covers what must be disclosed, to whom, and when.

How to Pass the BC Real Estate Trading Services Exam Exam

What You Need to Know

Passing score: 70%. Candidates have two attempts per registration and must wait at least 90 days after a first failure before rewriting.
Assessment: 100 multiple-choice questions, each worth one mark, drawn from the Real Estate Trading Services Licensing Course covering BC real estate law, agency, contracts, property law, financing, trust accounts, professional conduct and disclosure.
Time limit: Three hours (180 minutes).
Exam fee: Course tuition of about C$1,450 includes the first examination attempt; each rewrite costs C$200. BCFSA licensing fees and the C$875 Applied Practice Course are separate.

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

BC Real Estate Trading Services Exam Study Tips from Top Performers

1Master the Real Estate Services Act (RESA) and the Real Estate Services Rules first; a large share of questions hinges on the exact wording of licensee and brokerage obligations.

2Practise mortgage finance math on the HP 10bII+ until rate conversion, amortization and outstanding-balance calculations are automatic, since this is the calculator permitted in the exam.

3Learn the agency rules cold: designated agency, the prohibition on limited dual agency, and when the Disclosure of Representation in Trading Services form must be provided.

4Work through full scenario questions on the Contract of Purchase and Sale, paying attention to subject clauses, deposits, and the difference between conditions and warranties.

5Know exactly when money must be held in a brokerage trust account and the record-keeping rules, because trust accounting questions reward precise knowledge.

6Build a disclosure checklist (remuneration, Property Disclosure Statement, material latent defects, interest in trade) so you can quickly identify what must be disclosed and to whom.

Frequently Asked Questions

How many questions are on the BC Real Estate Trading Services Licensing Examination?

The exam contains 100 multiple-choice questions, each worth one mark. It is three hours in length and is delivered on paper at scheduled sittings or by computer at the UBC Computerized Examination Centre.

What is the passing score for the BC real estate exam?

The passing grade is 70%. Candidates have two attempts per course registration, and if they fail the first attempt they must wait at least 90 days before rewriting.

Who administers the BC Real Estate Trading Services exam?

The Real Estate Division of the UBC Sauder School of Business delivers the course and examination. The BC Financial Services Authority (BCFSA) is the regulator that issues the licence after a candidate passes.

How much does the BC real estate licensing exam cost?

Course tuition is about C$1,450 and includes the first examination attempt. Each rewrite costs C$200. BCFSA licensing fees and the C$875 Applied Practice Course are separate.

What happens after I pass the licensing exam?

After passing, you must register for and complete the pre-licensing components of a BCFSA Residential or Commercial Trading Services Applied Practice Course and apply to BCFSA before a licence is issued. Exam results are generally valid for one year.

Are these official UBC Sauder or BCFSA exam questions?

No. These are original OpenExamPrep questions modelled on the exam's published content areas. UBC Sauder's Real Estate Division provides official course materials and practice questions separately through its bookstore.