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.

Which of the following is NOT a duty outlined by REBBA towards clients and customers?

Advise seeking services from others if the skills are lacking.
Treat both parties with fairness and honesty.
Ensure information provided is accurate.
Hold the deposit in a trust account during transactions.
Promote and protect the interests of both clients and customers.
Disclose material facts about the property.

The correct answer is: Hold the deposit in a trust account during transactions.

The correct answer is D. Holding the deposit in a trust account during transactions is a requirement outlined by REBBA (Real Estate and Business Brokers Act). It is essential for real estate agents to safeguard these funds to protect the interests of their clients and comply with legal and ethical standards. Options A, B, C, E, and F are all duties outlined by REBBA towards clients and customers, including referring clients to other professionals when necessary, treating parties fairly and honestly, providing accurate information, promoting and protecting the interests of clients and customers, and disclosing material facts about the property.