Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following is NOT a minimum disclosure requirement for Salesperson Johnson before Seller Taylor signs a listing agreement?

1. Inform about the types of service alternatives available to that seller.

2. Explain that the brokerage could be involved in representing more than one client.

3. Outline the brokerage policies concerning co-operation with other brokerages.

4. Discuss the restricted nature of services that are provided to a customer, if the brokerage is also representing a client in regard to a particular trade.

The correct answer is: Outline the brokerage policies concerning co-operation with other brokerages.

The correct answer is C. Outline the brokerage policies concerning co-operation with other brokerages. This is because the minimum disclosure requirements focus more on informing the seller about their options, the brokerage's representation of multiple clients, and the restricted services provided to customers when the brokerage is also representing a client in a specific transaction. Option A is a minimum disclosure requirement as it is important for Salesperson Johnson to inform the seller about the different service alternatives available to them. Option B is also a minimum disclosure requirement, as the seller should be made aware that the brokerage could potentially be involved in representing more than one client simultaneously. Option D is a minimum disclosure requirement as well, as it is essential for Salesperson Johnson to discuss the restricted nature of services provided to a customer when the brokerage is representing a client in a particular transaction. In summary, while options A, B, and D are all minimum disclosure requirements that Salesperson Johnson needs to adhere to before Seller Taylor signs a listing agreement, option C is NOT a minimum disclosure requirement in this context.