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 Salesperson Saleem obtain before presenting an offer from Buyer Client Mahar for a property in Anycity?

  1. Informed written consent for multiple representation from Buyer Client Mahar, but not from the seller client

  2. Only verbal approval from the buyer for multiple representation

  3. Written, informed consent from both Buyer Client Mahar and the seller client before an offer is made

  4. No consent if the buyer does not object to multiple representation

  5. Explain how multiple representation works, but no written consents are required

  6. Proceed to present the offer regardless of Buyer Client Mahar's consent

The correct answer is: Written, informed consent from both Buyer Client Mahar and the seller client before an offer is made

In the scenario presented, it is crucial for Salesperson Saleem to obtain written, informed consent from both Buyer Client Mahar and the seller client before presenting an offer for a property in Anycity. This is in line with the duties and obligations of a real estate professional to ensure transparency and clarity in all transactions involving multiple representation. Without proper consent from both parties, there could be potential conflicts of interest that may arise, impacting the integrity of the transaction. Therefore, obtaining written consent from both parties is the correct way to proceed in such a situation. Option A is not the correct choice because consent is needed from both the buyer and the seller, not just the buyer alone. Option B is not the correct choice as verbal approval for multiple representation is not sufficient; written consent is necessary for clarity and documentation. Option D is not the correct choice because consent from both parties is required, regardless of the buyer's objections. Option E is not the correct choice as written consents from both parties are necessary for multiple representation, not just an explanation of how it works. Option F is not the correct choice as proceeding without proper consent would not align with professional and ethical standards in real estate transactions.

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