Humber/Ontario Real Estate Course 1 Exam Practice

In a property sale, what does REBBA require from salespersons regarding client's interests?

1. Follow the highest bid approach

2. Ensure that the client's legal interests prevail over personal interests

3. Provide equivalent access to all potential buyers

4. Prioritize marketing to sellers within the brokerage's network

5. Offer property first to buyers in a similar demographic

6. Adapt pricing based on regional demand volatility

The correct answer is: Provide equivalent access to all potential buyers

REBBA, the Real Estate and Business Brokers Act, requires salespersons to provide equivalent access to all potential buyers when handling a property sale. This means that salespersons must ensure fairness in presenting the property to all interested parties, without favoring any buyer over others. This practice aligns with the principle of fair dealing and upholding the best interests of the client. The other options are not directly related to the requirement of providing equivalent access to all potential buyers as mandated by REBBA. Option B is about ensuring the client's legal interests prevail over personal interests, which is a general ethical consideration but not specific to REBBA requirements. Option D pertains to prioritizing marketing within the brokerage's network, which may not align with providing equal access to all buyers. Option E suggests offering the property first to buyers in a similar demographic, which could be seen as discriminatory. Option F mentions adapting pricing based on regional demand volatility, which is more related to market factors rather than REBBA requirements regarding client interests.