Humber/Ontario Real Estate Course 4 Exam Practice

In a co-operative real estate transaction where two salespersons are involved from different brokerages, who must provide conscientious and competent service?

1. Only the listing salesperson to the seller client.

2. Both salespersons to the buyer and the seller.

3. Only the sub-agent to the buyer customer.

4. Only the sub-agent to the brokerage.

5. Neither salesperson as their duties lie with their employing brokerage.

6. Only the listing salesperson, since the buyer is a customer.

The correct answer is: Both salespersons to the buyer and the seller.

In a co-operative real estate transaction involving salespersons from different brokerages, both salespersons have a responsibility to provide conscientious and competent service to their respective clients. This means that the listing salesperson has an obligation to the seller client to represent their interests effectively. Similarly, the sub-agent, who represents the buyer, must also offer competent service, ensuring that the buyer's interests are acknowledged and advocated for. This reciprocal obligation of professional service is critical in fostering trust and ensuring that both parties' needs are met in the transaction. Such a collaborative approach helps maintain industry standards and promotes ethical conduct in real estate dealings, making the overall transaction smoother and more transparent for all involved.