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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When does the ethical obligation arise for protecting the best interests of buyers or sellers?

During closing
During listing
During the entire transaction
After signing agreements
Before marketing
Before property assessment

The correct answer is: During the entire transaction

The ethical obligation to protect the best interests of buyers or sellers arises during the entire transaction. This means that as a real estate professional, you are expected to act in the best interests of your client from the moment you begin working with them until the completion of the transaction. This includes providing honest and thorough information, advocating for their needs, and ensuring transparency throughout the entire process to protect their interests. Options A, B, D, E, and F are not correct because ethical obligations to protect the best interests of buyers or sellers should not be limited to specific points in the transaction but rather should be upheld consistently throughout the entire process.