Humber/Ontario Real Estate Course 4 Exam Practice

When must a salesperson disclose representation to a buyer at an open house?

1. After the buyer has fully toured the home.

2. Before an offer is presented.

3. As soon as reasonably possible.

4. When the buyer requests a second viewing.

5. When the buyer asks about representation.

6. At initial contact via phone or email.

The correct answer is: As soon as reasonably possible.

When it comes to disclosing representation to a buyer at an open house, the correct answer is to do so as soon as reasonably possible. This is crucial for maintaining transparency and ensuring that the buyer is aware of the professional capacity in which the salesperson is acting. By disclosing representation promptly, the salesperson can set the right expectations and avoid any misunderstandings or conflicts of interest. Establishing this disclosure early on in the interaction is considered a best practice and follows the ethical standards expected in real estate transactions. In comparison to the correct answer (Option C), the other options are not the most appropriate times to disclose representation at an open house: - Disclosing representation after the buyer has fully toured the home (Option A) may lead to missed opportunities to establish trust and clarity early in the process. - Disclosing representation before an offer is presented (Option B) could be too late in the buyer's journey and may raise concerns about transparency. - Disclosing representation when the buyer requests a second viewing (Option D) or asks about representation (Option E) might result in delayed or reactive disclosure, which is not ideal for maintaining trust and managing expectations effectively. - While initial contact via phone or email (Option F) is a critical point to discuss representation,