Humber/Ontario Real Estate Course 4 Exam Practice

How should Salesperson Levitt handle personal information collected from prospects?

1. The brokerage does not need to be concerned about how this information is stored.

2. The information need not be secured if the house is not a business location.

3. Personal information about the individual only needs to be secured.

4. Both print and electronic formats of the information must be properly secured.

5. Only information about the property needs to be secured.

6. All collected information should be reported to the brokerage.

The correct answer is: Both print and electronic formats of the information must be properly secured.

Salesperson Levitt should ensure that both print and electronic formats of personal information collected from prospects are properly secured. This reflects the ethical and legal obligation to protect sensitive data in real estate transactions. Personal information can include a variety of details such as financial records, identification, and personal contact information, which are all vulnerable to unauthorized access and misuse. Securing the information in both formats is crucial because while electronic data can be safeguarded through cybersecurity measures, printed documents can be prone to physical theft or loss if not securely stored. By implementing safeguards for all forms of information, Levitt not only adheres to privacy regulations but also builds trust with clients, demonstrating a commitment to confidentiality and professional integrity. Other options suggest a lack of necessary caution or an oversight in handling sensitive data, which doesn't align with the best practices required in the real estate industry regarding personal information management.