Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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During a seller transaction with confirmation of co-operation and representation, what must Salesperson Francisco indicate about the listing brokerage for a property listed by another salesperson in a different branch?

  1. The listing brokerage is providing advisory services to the buyer.

  2. The listing brokerage is not offering representation to the buyer.

  3. The listing brokerage is engaged in multiple representation.

  4. The listing brokerage is not involved with the buyer or the seller, only providing advisory services to both.

  5. The listing brokerage represents only the seller, the buyer must seek independent representation.

  6. The listing brokerage is not working with the buyer, and the buyer is independently represented.

The correct answer is: The listing brokerage is engaged in multiple representation.

In a seller transaction with confirmation of cooperation and representation, when Salesperson Francisco indicates that the listing brokerage for a property listed by another salesperson in a different branch is engaged in multiple representation, it means that the listing brokerage is representing both the seller and the buyer in the same transaction. This scenario can create a potential conflict of interest as the listing brokerage is obligated to act in the best interests of both parties simultaneously. Options A, B, D, E, and F are incorrect because they do not accurately reflect the situation of multiple representation where the listing brokerage is representing both the seller and the buyer. Option A suggests that the listing brokerage is providing advisory services to the buyer, which is not the same as multiple representation. Option B states that the listing brokerage is not offering representation to the buyer, which is also inaccurate given the concept of multiple representation. Option D implies that the listing brokerage is only providing advisory services to both parties, which does not necessarily encompass the full scope of multiple representation. Option E indicates that the listing brokerage represents only the seller, requiring the buyer to seek independent representation, which is not the case in multiple representation. Option F suggests that the listing brokerage is not working with the buyer, and the buyer is independently represented, which again does not align with the concept of multiple representation.