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.

Salesperson Jordan's friend feels that their current listing broker is not marketing their home adequately and wants to cancel the listing. The friend offers to list their home with Jordan. From a REBBA Code of Ethics standpoint, what should Jordan do?

Jordan must advise the friend to respect the existing listing at all times and not take any action to cancel it.
Jordan should confirm she is not authorized to help cancel the listing and suggest asking her broker of record.
Jordan can explain the process to cancel the listing without attempting to list the property afterward.
Jordan should explain the necessary steps to cancel the listing for the benefit of the friend.

The correct answer is: Jordan must advise the friend to respect the existing listing at all times and not take any action to cancel it.

In this scenario, the correct course of action based on the REBBA Code of Ethics is option A. As a licensed salesperson, Jordan has a duty to uphold the integrity of real estate transactions and respect the agreements made between parties involved. Advising the friend to respect the existing listing and not take any action to cancel it is in line with the ethical principles outlined in REBBA. Options B, C, and D are not the most appropriate courses of action in this situation. Option B suggests redirecting the friend to the broker of record without addressing the ethical concerns of canceling an existing listing. Option C implies providing guidance on canceling the listing, which could potentially lead to the friend unlawfully backing out of the agreement. Option D involves explaining the steps to cancel the listing, which could be seen as encouraging the friend to terminate the agreement, contrary to the ethical standards expected from real estate professionals.