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!

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Which statement is accurate about the necessary steps in multiple representation?

Both the buyer and seller must provide verbal consent
Salesperson Saleem must obtain written, informed consent from both the buyer and seller clients before presenting an offer
Only the buyer needs to provide written consent
Verbal agreement from both clients is sufficient
No consents are necessary if only one party raises an objection
Salesperson Saleem should proceed without seeking any consent forms

The correct answer is: Salesperson Saleem must obtain written, informed consent from both the buyer and seller clients before presenting an offer

In multiple representation, where a real estate salesperson represents both the buyer and seller in a transaction, it is crucial to ensure that there is written, informed consent from both parties before any offers are presented. This written consent helps in disclosing the potential conflicts of interest that may occur in such a representation, ensuring transparency and protecting the interests of all parties involved. Verbal consents are not sufficient in this situation, and seeking written consent is a standard practice to establish clarity and protect the rights of all parties. Therefore, option B is the correct choice.