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!

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What is a requirement under REBBA Code of Ethics when providing agreements to multiple sellers?

If two sellers are signing, each must receive a copy immediately.
The salesperson provides one copy and other copies are only upon request.
If two sellers are signing, each must receive their signed copies promptly after signing.
Give seller electronic copies within 24 hours.

The correct answer is: If two sellers are signing, each must receive their signed copies promptly after signing.

The correct choice highlights the obligation to ensure that each seller receives their signed copy immediately after signing the agreement. This requirement is in line with the REBBA Code of Ethics, which emphasizes the importance of transparency and accountability in transactions. By providing each seller with their copy promptly, it ensures that all parties are aware of the terms that they have agreed to, thus helping to avoid potential disputes or misunderstandings later. Additionally, this practice fosters trust in the relationship between the salesperson and the sellers, reinforcing the ethical standards expected in real estate transactions. Timely delivery of signed documents is crucial for maintaining professionalism and adherence to regulations in the industry, which is why this option accurately reflects the ethical responsibilities outlined in REBBA.