Humber/Ontario Real Estate Course 2 Exam Practice

What must ABC Realty Inc. do in a multiple representation transaction involving separate branch offices?

1. ABC Realty Inc. must obtain written consent from both buyer and seller

2. ABC Realty Inc. can document the relationship without requiring signatures

3. Both buyer and seller are represented under single representation

4. Disclosing multiple representation meets minimum requirements

5. No additional steps are needed if branches are separate

6. Only the seller needs to provide written consent

The correct answer is: ABC Realty Inc. must obtain written consent from both buyer and seller

In a multiple representation transaction involving separate branch offices, ABC Realty Inc. must obtain written consent from both the buyer and the seller. This is important to ensure transparency, disclosure, and informed consent from all parties involved. Written consent helps to clearly establish the representation relationships and minimize any potential conflicts of interest. Regarding the other options: - Option B is incorrect because documentation without signatures may not be sufficient to demonstrate that all parties are aware of and have agreed to the multiple representation. - Option C is incorrect as it assumes single representation when the situation involves multiple representation. - Option D is incorrect because simply disclosing multiple representation does not fulfill the requirement of obtaining written consent from both the buyer and seller. - Option E is incorrect because even if the branch offices are separate, written consent from both parties is still necessary. - Option F is incorrect as it overlooks the requirement for both the buyer and the seller to provide written consent in a multiple representation scenario.