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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Which change has occurred due to REBBA requirements regarding brokerage obligations to customers?

  1. Eliminated the concept of duty of care owed to customers

  2. Made obligations to customers and clients the same

  3. Expanded duties owed to customers

  4. Narrowed the scope of legal obligations owed by brokerages to customers

  5. Reduced the obligations to only financial matters

  6. Shifted obligations to clients only

The correct answer is: Expanded duties owed to customers

The correct answer is C - Expanded duties owed to customers. Recently, changes have been made to the Real Estate and Business Brokers Act (REBBA) requirements, which have expanded the duties owed to customers by brokerages. This change has aimed to enhance consumer protection by increasing the obligations and responsibilities that brokerages have towards their customers. Rather than eliminating the concept of duty of care owed to customers, making obligations to customers and clients the same, narrowing the scope of legal obligations, reducing the obligations to only financial matters, or shifting obligations solely to clients, the focus has been on expanding the duties owed to customers, emphasizing transparency, disclosure, and accountability in real estate transactions.

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