Humber/Ontario Real Estate Course 3 Exam Practice

After a seller representation agreement expires, what must the agent still maintain?

1. Seller's confidentiality

2. Seller's instructions

3. Terminate all fiduciary duties

4. Start working for conflicting clients immediately

5. Disclose seller's confidential information

6. Have no further obligations

The correct answer is: Seller's confidentiality

The correct answer is the obligation to maintain the seller's confidentiality. After a seller representation agreement expires, the agent must continue to protect any confidential information they gained during the course of the representation. This duty is part of the ethical and legal responsibilities that real estate professionals have toward their clients, and it extends beyond the termination of any formal agreement. Maintaining confidentiality is crucial to preserving the trust that clients place in their agents, and it ensures that sensitive information is not disclosed in a manner that could harm the seller’s interests. In the context of the other options, it is important to note that the agent does not retain the seller's explicit instructions as those typically cease with the expiration of the agreement. Furthermore, terminating fiduciary duties altogether is not appropriate, as some responsibilities, such as confidentiality, persist. Working for conflicting clients immediately would violate the duty of loyalty, and disclosing confidential information or having no further obligations does not align with professional standards.