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 listing a property, at what point should a salesperson discuss the possibility of multiple representation with the seller?

After the listing is posted online
Before the agreement of purchase and sale is signed
Before another agent shows the property
Before signing the listing agreement
After inspecting the property
Before the first open house

The correct answer is: Before signing the listing agreement

When representing a seller in a real estate transaction, it is crucial to discuss the possibility of multiple representation before signing the listing agreement. This ensures that the seller is fully informed about the potential scenarios where the listing broker may also represent the buyer in the transaction. By addressing this issue upfront, the seller can make an informed decision on whether they are comfortable with this arrangement or if they prefer to have separate representation for themselves and the buyer. Discussing multiple representation before signing the listing agreement demonstrates professionalism and transparency in the real estate transaction process.