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!

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What is a common duty of a brokerage towards a customer during a transaction?

Exercise due care
Provide fiduciary duty
Arrange property financing
Verify home inspection reports
Ensure property insurance is in place
Manage property repairs

The correct answer is: Exercise due care

A common duty of a brokerage towards a customer during a transaction is to exercise due care. This involves taking reasonable steps to ensure that the customer's interests are protected while conducting the real estate transaction. It includes providing accurate information, acting in good faith, and avoiding any actions that could harm the customer. This duty is essential for maintaining professionalism and integrity in the real estate industry. Options B, C, D, E, and F are not typically the direct responsibilities of a brokerage towards a customer during a transaction. Fiduciary duty (Option B) is usually owed to a client, not a customer. Arranging property financing (Option C), verifying home inspection reports (Option D), ensuring property insurance is in place (Option E), and managing property repairs (Option F) are tasks that may be part of the overall transaction process but are not considered common duties of a brokerage specifically towards a customer.