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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Salesperson John has listed a property owned by Seller Roberts. If a buyer client from the same brokerage expresses interest in Roberts' property, what must the brokerage do according to REBBA?

  1. Inform both the seller and buyer regarding the multiple representation at the point of showing the property to the prospective buyer.

  2. Inform both the seller and buyer regarding the multiple representation when the offer is presented.

  3. Obtain the buyer's and seller's verbal consent to the multiple representation before the offer is presented.

  4. Obtain the written consent of both buyer and seller to the multiple representation at the earliest practicable point and before any offer is made.

  5. Disclose the multiple representation only if the buyer is ready to make an offer.

  6. Get the seller's consent but not the buyer's for the multiple representation.

The correct answer is: Obtain the written consent of both buyer and seller to the multiple representation at the earliest practicable point and before any offer is made.

In this scenario, the correct answer is to obtain the written consent of both the buyer and the seller to the multiple representation at the earliest practicable point and before any offer is made. This requirement is in accordance with the Real Estate and Business Brokers Act (REBBA) in Ontario, which mandates the disclosure of multiple representation to both the buyer and seller in writing before any offer is presented. Options A, B, C, E, and F are incorrect because they do not align with the standard of obtaining written consent from both parties prior to any offer being made. Verbal consent is not sufficient according to REBBA, and it is crucial to have a documented agreement to ensure transparency and protection for all parties involved in the transaction.

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