Saskatchewan Real Estate Salesperson Licensing Exam Practice Questions And Correct Answers (Verified Answers) Plus Rationales 2026 Q&A Instant Download Pdf

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Saskatchewan Real Estate Salesperson Licensing Exam Practice Questions And Correct Answers (Verified Answers) Plus Rationales 2026 Q&A Instant Download Pdf 1. Which of the following is required for a person to be licensed as a real estate broker in Saskatchewan? A) Must have a minimum of 2 years experience as a salesperson B) Must complete an approved broker education course C) Must submit a criminal record check D) All of the above D) All of the above Rationale: To become a licensed broker in Saskatchewan, candidates must meet experience requirements, complete the approved broker course, and submit a criminal record check. 2. The primary role of a real estate broker is to: A) Represent clients in negotiations B) Manage brokerage operations C) Supervise salespersons D) All of the above D) All of the above Rationale: Brokers have multiple responsibilities, including client representation, brokerage management, and supervision of salespersons. 3. A brokerage trust account must be used for: A) Personal funds of the broker B) Client funds, such as deposits and rent C) Office operational expenses D) Commission payouts B) Client funds, such as deposits and rent Rationale: Trust accounts are specifically for handling client funds, ensuring they are separate from the brokerage’s own money. 4. A salesperson misrepresents a property’s condition to a client. The broker may be: A) Fully responsible B) Partially responsible C) Not responsible D) Only responsible if they knew B) 6 years Rationale: Retention of trust records ensures regulatory compliance and facilitates audits. 98. Which of the following actions constitutes commingling? A) Mixing client deposits with brokerage operating funds B) Depositing client funds in a trust account C) Disclosing material defects D) Acting as a transaction broker A) Mixing client deposits with brokerage operating funds Rationale: Commingling is prohibited to protect client funds. 99. A broker advertises a property at a price higher than the listing price. This is: A) Permissible B) Misleading and prohibited C) Acceptable with MLS D) Only for commercial properties B) Misleading and prohibited Rationale: Advertising must be truthful and reflect the listing agreement. 100. Which of the following is required for a broker to renew their license? A) Continuing education B) Payment of renewal fees

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