Humber/Ontario Real Estate Course 4 Exam Practice

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What is the latest point at which a salesperson must disclose the potential for multiple representation?

  1. Before a client meeting.

  2. Before an offer acceptance.

  3. Before signing a representation agreement.

  4. Before an offer presentation.

  5. Upon closing a trade record sheet.

  6. When the transaction completes.

The correct answer is: Before signing a representation agreement.

The responsibility of a salesperson to disclose the potential for multiple representation occurs before signing a representation agreement. This timing is critical as it allows clients to fully understand the implications of entering into a representation agreement with a brokerage that may also represent other parties in the same transaction. At this stage, clients can make informed decisions regarding their representation and the possible conflicts of interest that may arise from multiple representation. Disclosing this information early in the process ensures that all parties are aware of the situation, fostering transparency and trust. Other stages mentioned in the question, such as before an offer acceptance or before an offer presentation, may involve different disclosure requirements or are too late in the process for clients to evaluate their options effectively. Timing is essential in providing clients the necessary information to consider their positions and decide how they wish to proceed in engagements with real estate salespersons.