Humber/Ontario Real Estate Course 4 Exam Practice

According to the REBBA Code of Ethics, how should a salesperson handle a seller disclosure statement?

1. Provide the statement within five days of a request

2. Only give it to buyers who have made an offer

3. Disclose it only if directed by the buyer

4. Disclose its availability to buyers unless instructed otherwise by the seller

5. Provide it to all interested buyers

6. Ensure that buyers read the statement before making an offer

The correct answer is: Disclose its availability to buyers unless instructed otherwise by the seller

Disclosing the availability of a seller disclosure statement to buyers unless instructed otherwise by the seller aligns with the ethical responsibilities outlined in the REBBA Code of Ethics. This approach emphasizes transparency and ensures that potential buyers have access to important information about the property, which can significantly affect their purchasing decisions. The salesperson acts as an intermediary, facilitating the flow of relevant information while respecting the seller's preferences. This practice encourages an open dialogue between the potential buyer and the seller's representative, fostering trust and enabling buyers to make informed decisions. While the seller's privacy should be respected, it is also important for buyers to be made aware of significant details that could impact their interest in the property.