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!

Practice this question and more.

When does a real estate brokerage establish a standard of care?

The brokerage must follow protocols set for in-house staff.
Reasonable real estate practices dictate how such care is defined.
It offers only a limited degree of care to both parties.
It avoids providing any advice to customers under any circumstance.
It must align its practices with civil law requirements.
Real estate boards dictate the standards directly.

The correct answer is: Reasonable real estate practices dictate how such care is defined.

A real estate brokerage establishes a standard of care based on reasonable real estate practices, as mentioned in the correct answer. This means that the brokerage is expected to adhere to industry norms and standards when providing services to clients. By following reasonable real estate practices, the brokerage aims to uphold a certain level of professionalism and quality in its services, ensuring that it meets the expectations of clients and acts in their best interests. This standard helps to protect both the brokerage and its clients and establishes a framework for ethical conduct within the real estate industry.