Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Course 2 Exam with our comprehensive practice tests. Study with flashcards, multiple choice questions, and detailed explanations to ensure you are ready for exam day!

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What is one ethical duty a brokerage owes to a seller under a customer service agreement?

To provide financial assistance if needed.
To offer legal representation in disputes.
To deal fairly and honestly with the seller.
To guarantee a minimum sale price.
To offer a commission rebate.
To ensure round-the-clock support services.

The correct answer is: To deal fairly and honestly with the seller.

One ethical duty a brokerage owes to a seller under a customer service agreement is to deal fairly and honestly with the seller. This duty is essential to maintain trust and integrity in the real estate transaction process. Providing financial assistance, offering legal representation in disputes, guaranteeing a minimum sale price, offering a commission rebate, or ensuring round-the-clock support services are not standard ethical duties owed to a seller under a customer service agreement. The correct answer, dealing fairly and honestly with the seller, is crucial for upholding professional standards and fostering a positive working relationship between the brokerage and the seller.