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 NOT an obligation of a salesperson regarding material facts in real estate transactions?

Disclose relevant facts only if asked
Determine material facts and disclose to both clients and customers
Disclose all facts that ought to be known to buyer customers
No obligation to disclose under any circumstances

The correct answer is: Disclose relevant facts only if asked

A salesperson is obligated to disclose material facts in real estate transactions even if they are not asked directly by the client or customer. Option A is incorrect because salespersons are expected to proactively provide all relevant material facts to both clients and customers without waiting for them to inquire specifically. This helps ensure transparency and honesty in the transaction, creating a trustworthy relationship between the parties involved. Options B and C emphasize the importance of disclosing material facts, which is why they are not the correct answers. Option D is incorrect because salespersons do have an obligation to disclose material facts under various circumstances to avoid any potential issues or disputes later on.