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!

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In real estate, multiple representation refers to a scenario where:

One real estate salesperson represents two clients in the same transaction.
A real estate brokerage represents two or more customers in a transaction.
A single real estate brokerage represents two or more clients in a transaction.
Two different brokerages represent different clients in the same transaction.

The correct answer is: A single real estate brokerage represents two or more clients in a transaction.

In real estate, multiple representation occurs when a single real estate brokerage represents two or more clients in the same transaction. This scenario can potentially lead to a conflict of interest since the brokerage is tasked with advocating for the best interests of multiple parties involved in the transaction. It is essential for the brokerage to navigate this situation carefully, ensuring that each client is treated fairly and ethically throughout the process. This is why option C is the correct choice, as it accurately defines multiple representation in real estate.