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 wants to give a salesperson a gift certificate for good service, under what condition can the salesperson accept it?

Cannot accept it as he is being paid by the seller.
Accept it verbally by informing the seller.
Accept indirect benefits if under $50.00.
Accept it if disclosed in writing to the seller.

The correct answer is: Accept it if disclosed in writing to the seller.

The correct answer is that a salesperson can accept a gift certificate for good service if it is disclosed in writing to the seller. This condition aligns with professional standards and ethics in real estate, ensuring transparency in the transaction. Disclosing the acceptance of such a gift helps to maintain the integrity of the relationship between all parties involved, as it prevents any conflict of interest or appearance of impropriety. When a salesperson receives gifts or benefits, it is crucial to adhere to regulations that often exist to protect consumers and maintain ethical practices. Written disclosure ensures that the seller is aware of any potential benefits given directly to the salesperson and mitigates risks of misunderstandings or disputes later on. This kind of transparency is important for building trust and maintaining professionalism in real estate transactions.