Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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!

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If a brokerage represents a seller, who is the seller in that relationship?

  1. Not represented by the brokerage

  2. Client of that brokerage

  3. Customer of that brokerage

  4. Brokerage must protect and promote seller's interest but owes no fiduciary duty

The correct answer is: Client of that brokerage

In this scenario, when a brokerage represents a seller, the seller becomes the client of that brokerage. This means that the brokerage has a fiduciary duty to act in the best interests of the seller. By representing the seller as a client, the brokerage is obligated to provide loyalty, confidentiality, full disclosure, obedience, reasonable care, and diligence to the seller throughout the real estate transaction process. This client-agent relationship establishes a higher level of responsibility and care towards the seller's interests, making choice B the correct answer.