Humber/Ontario Real Estate Course 1 Exam Practice

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According to REBBA, which of the following is NOT a duty owed to clients and customers?

  1. Ensure accuracy of information provided to both clients and customers

  2. Protect and promote the interests of clients and customers

  3. Treat clients and customers with fairness and honesty

  4. Advise seeking external services when lacking necessary skills

  5. Conduct business in accordance with regulatory standards

  6. Maintain fiduciary duties to clients

The correct answer is: Protect and promote the interests of clients and customers

B is incorrect because protecting and promoting the interests of clients and customers is a duty owed to them according to REBBA. A is incorrect because ensuring accuracy of information is also a duty owed to clients and customers. C is incorrect because treating clients and customers with fairness and honesty is also a duty owed to them. E and F are incorrect, as REBBA requires conducting business in accordance with regulatory standards and maintaining fiduciary duties to clients. D is the correct answer because REBBA does not explicitly require advisors to advise seeking external services when lacking necessary skills, although it may be a good practice to do so for the benefit of the client or customer.

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