Humber/Ontario Real Estate Course 2 Exam Practice

What is the salesperson's responsibility regarding dual agency representation?

1. Disclose personal information about the clients to all involved parties.

2. Favor the first client over the second one.

3. Ensure recruitment for new clients is halted.

4. Obtain informed written consent from both clients.

5. Only negotiate in the interests of the buyer.

6. Work with different brokerages to avoid conflicts.

The correct answer is: Obtain informed written consent from both clients.

As a salesperson, the responsibility regarding dual agency representation is to obtain informed written consent from both clients. Dual agency occurs when a salesperson represents both the buyer and the seller in the same transaction. In this scenario, it is crucial to clearly disclose this dual agency relationship to both parties involved and obtain their informed written consent to proceed. This helps to ensure transparency, avoid conflicts of interest, and protect the interests of all parties involved in the transaction. The other options are not correct because: A. Disclosing personal information about clients to all involved parties may breach confidentiality and privacy rights. B. Favouring the first client over the second one would not be fair or ethical in a dual agency situation. C. Ensuring recruitment for new clients is halted is not a requirement related to dual agency representation. E. Only negotiating in the interests of the buyer would not be in line with the responsibilities of a dual agent representing both the buyer and the seller. F. Working with different brokerages to avoid conflicts is not a direct requirement for handling dual agency situations.