Humber/Ontario Real Estate Course 2 Exam Practice

What must a salesperson do to comply with the REBBA Code of Ethics when informing a buyer about services, potential multiple representations, and other relevant details?

1. Ensure that the buyer signs a written acknowledgement before any properties can be shown to that buyer.

2. Receive written acknowledgement from the buyer that the information has been provided.

3. Use best efforts to obtain written acknowledgment that the information has been received by the buyer on behalf of the brokerage.

4. The buyer must sign a written acknowledgement if he or she is being represented, but not for a customer service agreement.

The correct answer is: Use best efforts to obtain written acknowledgment that the information has been received by the buyer on behalf of the brokerage.

To comply with the REBBA Code of Ethics when informing a buyer about services, potential multiple representations, and other relevant details, a salesperson must use best efforts to obtain written acknowledgment that the information has been received by the buyer on behalf of the brokerage. This is important as it ensures that the buyer is fully informed about the services being provided, any potential conflicts of interest due to multiple representations, and other relevant details, thereby promoting transparency and protecting the interests of all parties involved. Option A is incorrect because requiring a buyer to sign a written acknowledgment before any properties can be shown may be overly restrictive and not necessary for providing information about services and potential representations. Option B is not the best choice because receiving written acknowledgment from the buyer is not enough to ensure that the buyer fully understands the information provided. Using best efforts to obtain acknowledgment on behalf of the brokerage helps to document that proper disclosure was made. Option D is incorrect because the requirement for a written acknowledgment applies not only when the buyer is being represented but also when providing customer service to ensure transparency and compliance with the Code of Ethics.