Humber/Ontario Real Estate Course 3 Exam Practice

Regarding the duties of a principal to an agent, which is NOT a required duty?

1. Fulfill representation agreement obligations.

2. Indemnification

3. Provide implied obligations as in the customer service agreement.

4. Offer timely and clear communication.

5. Provide access to property for showings.

6. Remuneration

The correct answer is: Provide implied obligations as in the customer service agreement.

The correct answer is C. Provide implied obligations as in the customer service agreement. In real estate transactions, the duties of a principal to an agent are crucial in maintaining a successful working relationship. The other options listed are essential responsibilities of a principal towards their agent. A. Fulfilling representation agreement obligations is necessary for the principal to ensure that they are abiding by the terms of the agreement they have with the agent. B. Indemnification is important as it ensures that the principal will compensate the agent for any losses or damages incurred while carrying out their duties. D. Offering timely and clear communication is key to keeping the agent informed and able to perform their role effectively. E. Providing access to the property for showings allows the agent to showcase the property to potential buyers or tenants. F. Remuneration is a critical duty as the principal is required to compensate the agent for their services as agreed upon. Therefore, option C is not a required duty as providing implied obligations as in the customer service agreement is not a standard duty of a principal to an agent in real estate transactions.