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.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What should a brokerage disclose at the earliest convenience to a potential buyer or seller?

The total assets held by the brokerage.
The work history of individual agents.
Whether they are representing more than one client in the same transaction.
The previous year's sales figures.
Personal relationships of the agents.
The number of listings in the neighboring districts.

The correct answer is: Whether they are representing more than one client in the same transaction.

A brokerage should disclose whether they are representing more than one client in the same transaction at the earliest convenience to a potential buyer or seller. This disclosure is crucial as it ensures transparency and helps manage any potential conflicts of interest that may arise in such a situation. By making this disclosure early on, clients can make informed decisions and understand the implications of such representation. The other options are incorrect because they are not as directly relevant to safeguarding the interests of the potential buyer or seller in a real estate transaction. For example, the total assets held by the brokerage, the work history of individual agents, the previous year's sales figures, personal relationships of the agents, and the number of listings in neighboring districts may not have a direct impact on the client's best interests or potential conflicts of interest within the transaction.