QUESTIONS WITH SOLUTIONS GRADED A+
COMPLETE ANSWERS
●● Who investigates disciplinary violations?
Answer: OACIQ syndic
●● What type of liability involves compensation for damages?
Answer: Civil liability
●● What must be proven for civil liability?
Answer: Fault, damage, and causal link
●● What type of liability involves criminal law violations?
Answer: Criminal liability
●● Failure to verify information may result in what?
Answer: Disciplinary liability
●● Providing false information knowingly may result in what?
Answer: Disciplinary and civil liability
, ●● What is the duty to inform?
Answer: Obligation to provide complete and accurate information
●● What happens if broker hides important information?
Answer: Disciplinary and civil liability risk
●● What is the duty of loyalty?
Answer: Act in client's best interest
●● What is the duty of diligence?
Answer: Act carefully and competently
●● What is the duty to verify?
Answer: Check accuracy of information before presenting it
●● Who protects the public in real estate brokerage?
Answer: OACIQ
●● What may result from professional misconduct?
Answer: Fines, suspension, or licence revocation