Humber/Ontario Real Estate Course 2 Exam Practice

Seller's representation agreement and buyer's service agreement were signed with the same brokerage. What must be disclosed before presenting an offer?

1. Written acknowledgment of multiple representation arrangement

2. Broker's written acknowledgment from the seller

3. Written disclosure of brokerage's relationship with the client and customer

4. Permission slip from the buyer

5. Seller's approval from the attorney

6. Buyer's consent from the legal counsel

The correct answer is: Written disclosure of brokerage's relationship with the client and customer

In this scenario, when the seller's representation agreement and buyer's service agreement are signed with the same brokerage, it is essential to disclose the brokerage's relationship with both the client (seller) and the customer (buyer) before presenting an offer. This disclosure ensures transparency and helps all parties involved understand the roles of the brokerage in the transaction. Option C is the correct answer as it highlights the importance of providing written disclosure of the brokerage's relationship with both the client and the customer before any significant steps like presenting an offer are taken. Option A is incorrect because while acknowledging the multiple representation arrangement is crucial, providing a written acknowledgment from the broker is not necessary before presenting an offer. Options B, D, E, and F are irrelevant and unnecessary in this context as they do not directly address the disclosure of the brokerage's relationship with the client and customer, which is the key focus in such a situation.