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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In what situation is a salesperson allowed to disclose the seller's financial pressure?

  1. Only when authorized by the client.

  2. Whenever it benefits the transaction outcome.

  3. Under guidance from a broker of record.

  4. When the buyer provides a confidentiality agreement.

  5. If the information is public knowledge.

  6. When it impacts the listing price negotiation.

The correct answer is: Only when authorized by the client.

In real estate transactions, confidentiality is crucial, especially when it comes to sensitive information such as a seller's financial pressure. This information is considered confidential and should be disclosed only when authorized by the client. Releasing information about the seller's financial situation without permission could not only jeopardize the transaction but also violate the ethical responsibilities of the salesperson. Therefore, the correct option is A, as it emphasizes the importance of obtaining permission from the client before disclosing any confidential details.

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