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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What is one of the primary duties of a real estate salesperson when representing a buyer under an agency relationship?

  1. Disclose information to interested third parties.

  2. Ensure the listing agreement is properly documented.

  3. Negotiate favourable terms on behalf of the buyer.

  4. Provide full details of personal opinions regarding the transaction.

  5. Request excessive commission rates for services.

  6. Take full control of all financial transactions related to the property.

The correct answer is: Negotiate favourable terms on behalf of the buyer.

One of the primary duties of a real estate salesperson when representing a buyer under an agency relationship is to negotiate favorable terms on behalf of the buyer. This is crucial because the salesperson is acting as a fiduciary for the buyer and is entrusted to work in their best interests during the transaction. By negotiating favorable terms, the salesperson helps ensure that the buyer is getting the best possible deal on the property purchase. Options A, D, E, and F are not correct because they do not align with the duties of a real estate salesperson representing a buyer under an agency relationship. Disclosing information to interested third parties, providing personal opinions, requesting excessive commission rates, and taking full control of financial transactions are not primary duties of a real estate salesperson in this context. Option B, ensuring the listing agreement is properly documented, is more relevant to the responsibilities of a real estate salesperson representing a seller, rather than a buyer.

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