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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When is the latest a salesperson must disclose the possibility of multiple representation?

  1. Before any offer is presented

  2. Before meeting with a potential client

  3. Before signing a representation agreement

  4. Before any offer is accepted

The correct answer is: Before signing a representation agreement

A salesperson must disclose the possibility of multiple representation before signing a representation agreement. This is the correct answer because it is crucial for transparency and ensuring that all parties involved are aware of the potential for multiple representation before committing to a representation agreement. By disclosing this possibility before signing the agreement, the salesperson can ensure that there are no conflicts of interest and that all parties have the opportunity to make an informed decision. Option A is incorrect because waiting until before any offer is presented is too late in the process to disclose the possibility of multiple representation. Option B is incorrect because it is important to have this disclosure before meeting with a potential client to establish trust and transparency. Option D is incorrect because waiting until before any offer is accepted is also too late in the process and may create ethical issues.