Humber/Ontario Real Estate Course 1 Exam Practice

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What action should be taken if a salesperson inaccurately ensures prospective buyers that approval for a patio and privacy fence wouldn't be difficult to obtain, but their request is later turned down by the condominium corporation?

  1. The salesperson has made an inaccurate representation, which is a violation of the Code of Ethics.

  2. The salesperson, if she was only recently registered, would not face any disciplinary action.

  3. The salesperson made a mistake, but would not be faced with any disciplinary action through RECO.

  4. The salesperson simply voiced her opinion on the matter and the buyers should have fully investigated the possibility.

  5. The salesperson should discuss the situation with her broker of record for further action.

  6. The salesperson should redo the agreement of purchase and sale.

The correct answer is: The salesperson has made an inaccurate representation, which is a violation of the Code of Ethics.

The correct answer is that the salesperson has made an inaccurate representation, which is a violation of the Code of Ethics. This is because the salesperson provided information that was misleading to prospective buyers. When representing properties and negotiating transactions, real estate professionals are obligated to ensure that their statements are accurate and truthful. Misrepresenting the likelihood of obtaining approvals for modifications like a patio and privacy fence could lead to various legal consequences and is seen as a breach of ethical standards set by regulatory bodies. This situation highlights the importance of due diligence and accurate communication in real estate practice. If a salesperson provides assurances that later prove to be incorrect, it undermines the trust of clients and can have significant repercussions for both the clients and the salesperson's career. Adherence to the Code of Ethics protects consumers and maintains the integrity of the profession, emphasizing the necessity of truthful and transparent communication.

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