Humber/Ontario Real Estate Course 2 Exam Practice

Question: 1 / 1300

Under what conditions can Salesperson Chang accept a $200 gift certificate from a buyer customer?

Chang cannot accept any additional benefits from buyers under any circumstance

Chang can accept it if the gift is under $50

Chang can accept it after verbal disclosure to the seller client

Chang can accept it with written disclosure to the seller client

Salesperson Chang can accept a $200 gift certificate from a buyer customer under the condition that there is written disclosure to the seller client. This written disclosure is necessary to maintain transparency and avoid any conflicts of interest. Option A is incorrect because there are specific conditions under which a salesperson can accept gifts from buyers. Option B is incorrect because the gift amount exceeds the $50 limit. Option C is incorrect because verbal disclosure is not sufficient in this situation. Option E is incorrect because refusing the commission from the seller is not a requirement for accepting the gift. Option F is incorrect because disclosure of the gift is necessary to maintain ethical standards in real estate transactions.

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Chang can only accept the gift if he refuses his commission from the seller

Chang does not need to disclose the gift to anyone

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