Humber/Ontario Real Estate Course 1 Exam Practice

When a salesperson registrant is showing a property to a buyer customer, what is required?

1. The salesperson registrant must protect and promote the best interests of that buyer.

2. The salesperson registrant must be honest when providing information and generally exercise care and skill.

3. The buyer customer is owed fiduciary duties.

4. The salesperson is required to complete due diligence to ensure the customer's best interests are represented.

5. The salesperson must always act as a dual agent.

6. The salesperson must conduct a market analysis for the property.

The correct answer is: The salesperson registrant must be honest when providing information and generally exercise care and skill.

The correct answer is B. When a salesperson registrant is showing a property to a buyer customer, they are required to be honest when providing information and generally exercise care and skill. This means that the salesperson must act with integrity, providing accurate information to the buyer, and carry out their duties with the standard level of care and skill expected in the industry. Option A is not entirely accurate as the buyer customer is owed honesty, care, and skill but not fiduciary duties as described in option C. Option D may not be explicitly required during a property showing, although due diligence is important in real estate transactions. Option E is incorrect because acting as a dual agent would require disclosure and consent from both parties, and it may not always be appropriate or possible. Option F is not a specific requirement during a property showing to a buyer customer.