Humber/Ontario Real Estate Course 4 Exam Practice

In order to protect a client’s interests, what should Salesperson Richardson do when presenting an offer?

1. Discuss the offer exclusively with Salesperson Phillips.

2. Provide his own opinion of the offer to the seller directly without any consultation.

3. Take privacy laws into consideration while discussing the offer with the seller.

4. Follow all professional standards and ethical guidelines when advocating for the client’s best interests.

5. Advise the buyer to increase their offer without consulting the seller.

6. Recommend that the seller accept any offer that is close to the asking price.

The correct answer is: Follow all professional standards and ethical guidelines when advocating for the client’s best interests.

When representing a client, Salesperson Richardson must adhere to a set of ethical guidelines and professional standards that prioritize the client's best interests. By following all professional standards and ethical guidelines, Richardson ensures that he is acting in accordance with the regulations that govern real estate transactions. This includes providing unbiased advice, maintaining confidentiality, ensuring fairness, and advocating effectively for the client while also promoting transparency and honesty throughout the process. This approach fosters trust between Richardson and his client, as well as upholding the integrity of the real estate profession. By advocating for the client's best interests in a responsible manner, he protects them from potential pitfalls and aids them in making informed decisions. In contrast, other options could compromise the ethical responsibilities or the well-being of the client. For instance, discussing the offer only with another salesperson, providing unsolicited opinions, or advising on the client's behalf without adequate consultation can lead to conflicts of interest or breaches of privacy. This undermines the trust required in the client-agent relationship and can lead to adverse outcomes.