Humber/Ontario Real Estate Course 2 Exam Practice

According to the REBBA Code of Ethics, a salesperson listing a property and having the seller complete a seller disclosure statement should:

1. Disclose the seller disclosure statement only to buyers who have submitted an offer for that property

2. Disclose to interested buyers that a seller disclosure statement is available, unless otherwise directed by the seller

3. Provide the seller disclosure statement to all interested buyers

4. Provide the seller disclosure statement within five days of a request by an interested buyer

The correct answer is: Disclose the seller disclosure statement only to buyers who have submitted an offer for that property

According to the REBBA Code of Ethics, the correct choice is A because it emphasizes the importance of confidentiality and emphasizes that the seller disclosure statement should be disclosed only to buyers who have submitted an offer for that property. This helps maintain the integrity of the seller's provided information and respects the seller's privacy. Option B is incorrect as it overlooks the seller's discretion in disclosing the statement. Option C is incorrect as it goes against the principle of confidentiality and could potentially breach the seller's privacy. Option D is incorrect as it doesn't specify the appropriate timing for providing the seller disclosure statement and may lead to confusion or delays in the process.