Humber/Ontario Real Estate Course 2 Exam Practice

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Salesperson Phillips from ABC Realty Inc. listed a triplex and Salesperson Richardson got an offer from a buyer. Both present the offer to Seller McBrien. What is true in this scenario?

  1. Salespersons Phillips and Richardson should advise the seller to accept the offer as it's close to asking price.

  2. Salesperson Richardson shouldn't discuss the offer with Seller McBrien as his duty is to the buyer.

  3. Salesperson Phillips must provide competent service to his seller client, but Richardson's responsibility is to the buyer as a customer.

  4. Salespersons Phillips and Richardson must provide conscientious service to both the buyer and seller.

  5. Salespersons Phillips and Richardson must act in their independent capacities when dealing with the offer.

  6. Salespersons should refer the matter to their respective managing brokers for clarity.

The correct answer is: Salespersons Phillips and Richardson must provide conscientious service to both the buyer and seller.

In this scenario, the correct answer is D. Salespersons Phillips and Richardson must provide conscientious service to both the buyer and the seller. It is essential for real estate professionals to act in a fair and impartial manner when handling transactions involving both buyers and sellers. This includes ensuring that all parties involved are given the necessary information and guidance to make informed decisions. Option A is incorrect because the decision to accept an offer close to the asking price should be made by the seller, not the salespersons. Option B is incorrect as Salesperson Richardson has a duty to disclose the offer to Seller McBrien since they are representing the buyer in this transaction. Option C is incorrect as both salespersons have a duty to provide competent service to the client or customer they are representing in the transaction. Option E is incorrect as salespersons should work together to ensure a smooth transaction for both parties rather than acting independently in this situation. Option F is not the best course of action as the salespersons should handle the offer directly with Seller McBrien before involving their managing brokers.

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