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 must be disclosed by ABC Realty Inc. before presenting an offer from Buyer Robinson to Seller Fortin?

Written permission from Seller Fortin
Written acknowledgment from both parties of a multiple representation arrangement
A written disclosure of the relationships ABC Realty Inc. has with both the seller and the buyer
Written acknowledgments that ABC Realty Inc. provides customer service to both parties
A written acknowledgement from buyer's attorney
A written acknowledgment from the brokerage’s manager

The correct answer is: A written disclosure of the relationships ABC Realty Inc. has with both the seller and the buyer

Before presenting an offer from Buyer Robinson to Seller Fortin, ABC Realty Inc. must disclose the relationships they have with both the seller and the buyer. This disclosure is crucial to ensure transparency and to manage any potential conflicts of interest. By providing this information, both parties can make informed decisions and understand the roles and responsibilities of the real estate brokerage in the transaction. Options A, B, D, E, and F do not address the specific requirement of disclosing the relationships ABC Realty Inc. has with both the seller and the buyer. These options do not focus on the essential disclosure needed to maintain transparency and uphold ethical standards in real estate transactions.