Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following statements regarding the responsibilities of a Real Estate salesperson is true?

1. A salesperson must always laminate copies of documents for clients.

2. A salesperson must disclose any known defects in the property to potential buyers.

3. A salesperson must ensure clients sign all documents in blue ink.

4. A salesperson must send documents through registered mail only.

5. A salesperson must work independently without brokerage assistance.

6. A salesperson must sell property within the first month of listing.

The correct answer is: A salesperson must disclose any known defects in the property to potential buyers.

The correct statement highlights the responsibility of a Real Estate salesperson to disclose any known defects in the property to potential buyers. This duty is rooted in the ethical and legal obligations to ensure transparency and protect consumer rights. Disclosure is critical in promoting informed decision-making among buyers, as failing to disclose known issues could lead to legal consequences for the salesperson and the brokerage. The other statements do not reflect essential responsibilities or practices commonly associated with Real Estate salespeople. For instance, laminating copies of documents is not a standard procedure, nor is there a requirement for clients to sign documents in blue ink. Additionally, sending documents through registered mail is not mandated, as various delivery methods are acceptable. The notion of selling property within the first month of listing lacks a realistic framework since sales timelines can vary greatly depending on market conditions and property specifics. Lastly, real estate salespeople operate under the umbrella of their brokerage, leveraging its resources and support to serve their clients effectively, rather than working completely independently.