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.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

If buyers accept customer services from a brokerage after appropriate disclosures during an open house, what is true about the brokerage's duties?

The brokerage acts strictly on behalf of the seller and owes no duties to the buyers.
The buyers might still owe remuneration to the brokerage if not paid by the seller.
The brokerage must act impartially between the seller and the buyers.
The brokerage does not represent the buyers.
The brokerage must prioritize the seller's interests.
The buyers are considered representatives of the brokerage.

The correct answer is: The brokerage does not represent the buyers.

When buyers accept customer services from a brokerage after appropriate disclosures during an open house, the brokerage does not represent the buyers. In this scenario, the brokerage typically represents the seller's interests and owes no fiduciary duties to the buyers. The buyers are customers in this situation, receiving services from the brokerage but not entering into a client relationship where the brokerage represents their interests. It is essential for potential buyers to understand this distinction to manage their expectations and protect their interests in a real estate transaction.