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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If a brokerage must disclose the number of offers but not the terms, what must it follow according to the Code of Ethics?

Disclose both the number of offers and the terms.
Offer disclosure only about the number of competing offers.
Not disclose any information about the offers.
Disclose terms of the offers, but not the number of offers.

The correct answer is: Offer disclosure only about the number of competing offers.

According to the Code of Ethics, when a brokerage must disclose the number of offers but not the terms, it should only offer disclosure about the number of competing offers. This helps maintain transparency while also respecting the confidentiality of the terms of the offers. Disclosing both the number of offers and the terms (Choice A) would breach confidentiality, not disclosing any information about the offers (Choice C) would not be transparent, and disclosing the terms of the offer but not the number of offers (Choice D) would be incomplete and unfair to potential buyers. Therefore, the correct answer is B.