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 is the brokerage's duty if buyers agree to customer services and sign a buyer customer service agreement after an open house?

The brokerage has limited obligations to the buyers outside impartiality.
The brokerage must prioritize both seller's and buyer's interests equally.
The brokerage should offer financial advice to the buyers.
The brokerage's primary duty remains towards the seller.
The brokerage should market the buyer's existing property.
The buyers' negotiations are entirely independent of the brokerage.

The correct answer is: The brokerage has limited obligations to the buyers outside impartiality.

The correct answer is A. The brokerage has limited obligations to the buyers outside impartiality. In this scenario, if buyers agree to customer services and sign a buyer customer service agreement after an open house, the brokerage's duty is to act with impartiality. The buyers are not clients but customers in this case, which means the brokerage has fewer obligations towards them compared to clients. The brokerage needs to provide honest and fair service to the buyers but is not required to prioritize their interests above all else. The primary duty of the brokerage remains towards the seller in this situation. Options B, C, D, E, and F are not correct because they do not accurately reflect the brokerage's duties towards the buyers who have agreed to customer services after an open house.