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 statements is true about salesperson duties under dual agency?

The salesperson must prioritize the buyer’s interests over the seller’s.
The salesperson is not obligated to disclose conflicts of interest.
The salesperson works directly under the broker of record.
Maintaining confidentiality is essential when representing both parties.
Negotiations must favor the first client who signed an agreement.
The salesperson can disclose financial details to expedite sales.

The correct answer is: Maintaining confidentiality is essential when representing both parties.

In a dual agency situation, where a salesperson is representing both the buyer and the seller in the same transaction, maintaining confidentiality is essential. This means that the salesperson must keep all information received from one party confidential and cannot disclose it to the other party without consent. This duty helps to ensure that all parties involved are protected and that the salesperson acts in a fair and impartial manner. Options A, B, C, E, and F are not correct because they do not accurately reflect the duties of a salesperson under dual agency. Prioritizing one party's interests over the other, not disclosing conflicts of interest, working directly under the broker of record, favoring the first client who signed an agreement, or disclosing financial details without consent can lead to ethical and legal issues in a dual agency situation.