Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam. Study with challenging questions and detailed explanations to enhance your understanding. Get ready to excel in your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

If a buyer intends to evoke a better price, what should a salesperson do?

Seek the best price for the buyer upon request
Disclose that they represent the seller
Engage in further property showing without bias
Search for alternative properties fitting the buyer's budget
Encourage the buyer to make an immediate offer
Assist the buyer with negotiations unconditionally

The correct answer is: Disclose that they represent the seller

Selecting the option indicating the need to disclose that the salesperson represents the seller is crucial in real estate transactions. This is known as the principle of agency, which emphasizes transparency and honesty in dealings. When a buyer is aware that the salesperson is representing the seller, the buyer can make more informed decisions. They understand the dynamics at play, including potential conflicts of interest. While the other options may seem appealing in different contexts, they do not prioritize clear communication about agency relationships, which is essential for maintaining trust and transparency in the transaction. This is particularly relevant as it lays the groundwork for ethical dealings and protects the interests of all parties involved.