Humber/Ontario Real Estate Course 3 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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.

To comply with the Code of Ethics when a seller client has received multiple offers, what must the listing brokerage disclose?

The highest offer first
The number of offers only
The existence and terms of all offers
Only the terms satisfying client's priorities

The correct answer is: The number of offers only

In this scenario, the correct answer is not B, but rather C. When a seller client has received multiple offers, the listing brokerage must disclose the existence and terms of all offers in order to comply with the Code of Ethics. This full disclosure ensures transparency and fairness in the negotiation process and helps the seller make an informed decision based on all available information. Option B, which suggests disclosing only the number of offers, does not align with the standard practice of providing complete information to the client.