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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When a buyer refuses to sign a buyer representation agreement but still wants the brokerage's services, what is the situation?

  1. An agency relationship cannot exist without a signed agreement

  2. The buyer remains unrepresented in all transactions

  3. The brokerage can represent the buyer without a written agreement

  4. The buyer's unsignated agreement does not meet REBB standards

  5. The agency relationship cannot exist without a broker's supervision

  6. The brokerage must still provide full representation

The correct answer is: The brokerage can represent the buyer without a written agreement

In the scenario where a buyer refuses to sign a buyer representation agreement but still desires the brokerage's services, the situation aligns with the correct answer, which states that "the brokerage can represent the buyer without a written agreement." This is because in Ontario, an agency relationship can still be formed without a signed agreement in certain circumstances. It is important to understand that while signing a buyer representation agreement is the ideal and recommended method to establish a clear agency relationship with specific terms and conditions outlined, in practice, an agreement can still be implied through the actions and conduct of both parties. This is known as an implied agency relationship. This implied agency relationship may arise if the buyer consistently seeks advice and guidance from the brokerage and the brokerage provides services in a manner that suggests representation. It is essential for real estate professionals to recognize the existence of implied agency relationships and to act in accordance with the duties and obligations that come with representing a client, even if a formal agreement is not signed. Options A, B, D, E, and F can be deemed incorrect because they do not accurately reflect the legal and practical understanding of agency relationships in real estate transactions, particularly in the context of Ontario's regulations and standards.

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