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 method best protects a seller client's interests?

Include the seller's reason for selling in the listing
Assume the seller has read and understood documents before signing
Add disclaimers for any details that can’t be verified
Only seek third party advice if the seller requests it

The correct answer is: Add disclaimers for any details that can’t be verified

Including disclaimers for any details that cannot be verified is the method that best protects a seller client's interests. By adding disclaimers, the agent is being transparent about information that may not be completely accurate or confirmed, thereby reducing the risk of liability for the seller and the agent. It helps to manage expectations and legal implications by clearly stating limitations in the information provided. This approach ensures that the seller is informed about the potential uncertainties and can make decisions accordingly. On the other hand, assuming the seller has read and understood documents before signing (Option B) can be risky as it may lead to misunderstandings or legal issues if the seller did not actually comprehend the content. Seeking third party advice only if the seller requests it (Option D) may not always be in the seller's best interest, as there could be situations where third-party input is necessary for protection. Including the seller's reason for selling in the listing (Option A) may not necessarily protect the seller's interests as it may not be relevant or beneficial to disclose such information publicly.