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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Why is it necessary for a salesperson to present offers from a co-operating brokerage promptly?

To avoid any ethical violations outlined in the Code
To ensure high commissions for the brokerage
To prevent discouraging buyers from making offers
To promote fair competition among buyers
To uphold local real estate regulations
To reassure the seller of prompt action

The correct answer is: To avoid any ethical violations outlined in the Code

It is necessary for a salesperson to present offers from a cooperating brokerage promptly to avoid any ethical violations outlined in the Code of Ethics and Standards of Business Practice. The Real Estate Council of Ontario (RECO) Code of Ethics requires real estate professionals to act in the best interests of their clients, and part of that obligation includes promptly presenting all offers to the seller. This ensures transparency, fairness, and accountability in the transaction process, ultimately upholding the integrity of the real estate profession.