Humber/Ontario Real Estate Course 4 Exam Practice

What is included in a duty of care for a real estate client?

1. Advocation exclusively for the interests of the client.

2. Beyond actions explicitly mentioned in the contract.

3. Contact with clients twice a month routinely.

4. Report of market updates regularly.

5. Standard and typical duties unless otherwise specified.

The correct answer is: Beyond actions explicitly mentioned in the contract.

The duty of care in a real estate context primarily requires that the agent prioritizes the welfare and interests of the client, acting with a higher level of diligence than what is merely contractually required. This entails providing thorough and competent advice, making necessary disclosures, and ensuring that the client is fully informed throughout the transaction process. The essence of this duty goes beyond the explicit actions laid out in a contract, incorporating a broader scope of conduct that includes acting in good faith, maintaining loyalty, and exercising reasonable care and skill. When it comes to the other options, while advocating for the client's interests, maintaining regular contact, providing market updates, and adhering to typical duties are all important aspects of client relations, they do not fully capture the expansive nature of the duty of care that goes beyond simply what is mentioned in the real estate contract. The duty encompasses a wide range of responsibilities that ensure the client receives comprehensive support throughout their real estate activities.