Humber/Ontario Real Estate Course 4 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Humber/Ontario Real Estate Course 4 Exam. Study with tailored quizzes and flashcards. Get insights into exam format and tips to succeed.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When Salesperson Saleem is dealing with a multiple representation situation with Buyer Client Mahar for his listing, what is the correct procedure?

Salesperson Saleem must obtain informed written consent for multiple representation from Buyer Client Mahar, but not from the seller client.
Salesperson Saleem must explain how multiple representation works, but no written consents are required.
Salesperson Saleem must obtain written, informed consent from both Buyer Client Mahar and the seller client before an offer is made.
Regardless of whether Buyer Client Mahar consents to multiple representation, Salesperson Saleem can proceed to present the offer.
Salesperson Saleem only needs verbal consent from both parties to proceed.
Salesperson Saleem must recuse himself from representing either party in this situation.

The correct answer is: Salesperson Saleem must obtain written, informed consent from both Buyer Client Mahar and the seller client before an offer is made.

The correct procedure in a multiple representation scenario, as indicated, is for Salesperson Saleem to obtain written, informed consent from both Buyer Client Mahar and the seller client before proceeding with the offer. This requirement stems from the necessity to ensure that all parties involved are fully aware of the implications of multiple representation, which can create potential conflicts of interest. By obtaining consent from both parties, Saleem is adhering to regulatory obligations designed to protect clients. This process ensures that both the buyer and the seller understand that Saleem is representing both interests, which could affect negotiation and confidentiality. This choice reflects the standard ethical practices in real estate to maintain transparency and trust among all parties involved. It is crucial in fostering a professional environment where clients feel secure in their dealings and understand the dynamics at play when their interests are represented by the same agent.