Humber/Ontario Real Estate Course 4 Exam Practice

When a salesperson is uncertain but tells a buyer that a vacant field is green space, which of the following is true?

1. The salesperson accurately provided all details

2. The salesperson did not exercise adequate care and skill

3. Information on the adjacent field is irrelevant

4. Not clarifying details breaches fiduciary duties

5. It's better to stay silent about uncertain matters

6. The salesperson has no obligation to verify the information

The correct answer is: The salesperson did not exercise adequate care and skill

The correct choice highlights the responsibility of the salesperson to exercise adequate care and skill when providing information to clients. In real estate, salespersons have a duty to ensure that the information they present is accurate and reliable. Describing a vacant field as green space when uncertain neglects this obligation, as it can lead the buyer to form misconceptions about the property's potential use, zoning, or value. This choice emphasizes the critical nature of due diligence within real estate transactions. Salespersons are expected to conduct proper research and clarify any uncertainties to maintain professionalism and safeguard the interests of their clients. Providing potentially misleading information without confirmation can not only damage a salesperson's reputation but may also have legal repercussions for the transaction in question. In contrast, other options do not accurately represent the ethical and professional standards expected in real estate. For example, providing incomplete details does not fulfill the expected practice of transparency and ethical disclosure. Additionally, deeming adjacent field information as irrelevant overlooks its potential significance, just as failing to clarify uncertainties would indeed breach fiduciary duties. Maintaining silence on uncertain matters goes against the proactive role a salesperson should take in informing and advising clients based on verified knowledge. Lastly, the notion that a salesperson has no obligation to verify information undermines the necessity of professional diligence and accuracy