Humber/Ontario Real Estate Course 1 Exam Practice

Who can be a customer of a brokerage?

1. A client of another brokerage

2. A client represented by the brokerage

3. A new prospect seeking services

4. An employee of the brokerage

5. A regulatory compliance officer

6. A previous buyer who completed a transaction

The correct answer is: A client of another brokerage

A customer of a brokerage can be defined as an individual who is not represented by the brokerage but can still receive basic services and information from the brokerage. In real estate, it is crucial for brokers to understand the distinction between clients and customers. Clients are individuals who are represented by the brokerage under a contract or agreement, while customers are individuals who are not represented but can still receive certain assistance. Therefore, option A is the correct choice as it states that a customer of a brokerage can also be a client of another brokerage. This aligns with the definition of a customer in real estate, as they are not represented by the brokerage in question but can still interact with the brokerage for basic services and information.