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!

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What duties does a seller owe to their agent in an agency relationship?

Indemnification and paying for services rendered
Accepting responsibility for lawful acts and payment for services
Acting with loyalty and protecting agent interests
Good faith conduct and full transaction disclosure
Paying agent for services provided
Ensuring adherence to ethical guidelines

The correct answer is: Accepting responsibility for lawful acts and payment for services

In an agency relationship, the seller owes the duties of accepting responsibility for lawful acts and payment for services to their agent. This means that the seller is responsible for ensuring that their actions are legal and that they compensate the agent for the services provided. Option A is incorrect because while indemnification (protecting the agent from harm or loss) is a duty of the seller, it is not the only duty owed. Options C, D, E, and F are incorrect because they do not fully encompass the duties that a seller owes to their agent in an agency relationship.