Humber/Ontario Real Estate Course 2 Exam Practice

Question: 1 / 1300

If buyers accept customer services from a brokerage after appropriate disclosures during an open house, what is true about the brokerage's duties?

The brokerage acts strictly on behalf of the seller and owes no duties to the buyers.

The buyers might still owe remuneration to the brokerage if not paid by the seller.

The brokerage must act impartially between the seller and the buyers.

The brokerage does not represent the buyers.

When buyers accept customer services from a brokerage after appropriate disclosures during an open house, the brokerage does not represent the buyers. In this scenario, the brokerage typically represents the seller's interests and owes no fiduciary duties to the buyers. The buyers are customers in this situation, receiving services from the brokerage but not entering into a client relationship where the brokerage represents their interests. It is essential for potential buyers to understand this distinction to manage their expectations and protect their interests in a real estate transaction.

Get further explanation with Examzify DeepDiveBeta

The brokerage must prioritize the seller's interests.

The buyers are considered representatives of the brokerage.

Next Question

Report this question

Download Humber/Ontario Real Estate Course 2 Exam Practice PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy