Humber/Ontario Real Estate Course 4 Exam Practice

Which of the following is NOT included in the Code of Ethics and REBBA concerning buyers and sellers?

1. A registrant cannot induce the buyer or seller to break an existing representation agreement of another brokerage.

2. A registrant can only provide an opinion about value if he or she is registered as a broker.

3. A registrant cannot make false or misleading statements in an advertisement.

4. A registrant must treat every person involved in a trade with honesty and fairness.

5. A registrant must disclose any conflicts of interest to all parties involved.

6. A registrant is required to keep all client information confidential.

The correct answer is: A registrant can only provide an opinion about value if he or she is registered as a broker.

The correct answer is B. In the Code of Ethics and REBBA concerning buyers and sellers, a registrant can provide an opinion about value regardless of their registration status. This means that registrants are not required to be registered as brokers in order to provide an opinion on value. Option A is included in the Code of Ethics and REBBA, as it specifies that a registrant cannot induce a buyer or seller to break an existing representation agreement with another brokerage. Option C is also included, as it states that a registrant cannot make false or misleading statements in an advertisement. Option D is a fundamental principle included in the Code of Ethics and REBBA, requiring registrants to treat every person involved in a trade with honesty and fairness. Option E is also included, highlighting the importance of disclosing any conflicts of interest to all parties involved. Lastly, Option F is part of the Code of Ethics and REBBA, as registrants are required to keep all client information confidential.