Humber/Ontario Real Estate Course 2 Exam Practice

Under REBBA, what must be clearly disclosed and followed up with written consent in the case of multiple representation?

1. Multiple disclosures including services offered must be provided at the listing stage.

2. Only the buyer needs to give written consent after initial disclosures.

3. Written consent from both the buyer and seller is needed in addition to initial disclosures.

4. No written consent is necessary once the brokerage provides initial disclosures.

5. Disclosures about agent commissions must be given to all parties.

6. Multiple customer service agreements must be signed.

The correct answer is: Written consent from both the buyer and seller is needed in addition to initial disclosures.

In the case of multiple representation under REBBA, both the buyer and seller must provide written consent in addition to the initial disclosures. This ensures transparency and protects the interests of all parties involved in the transaction. Option A is incorrect because simply providing disclosures at the listing stage is not sufficient; written consent is also required. Option B is incorrect as it states that only the buyer needs to give written consent, which is not in line with REBBA regulations. Option D is incorrect because written consent is indeed necessary for multiple representation. Option E is incorrect because while disclosing agent commissions is important, the question specifically asks about multiple representation. Option F is incorrect as multiple customer service agreements are not required for multiple representation under REBBA.