Humber/Ontario Real Estate Course 3 Exam Practice

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What must be included when dealing with a client in areas of potential conflict of interest?

Potential dual agency involvement
Restricted services when representing both buyer and seller
Potential for earning multiple commissions
Brokerage's policies on marketing strategies

The correct answer is: Potential dual agency involvement

When dealing with a client in areas of potential conflict of interest, it is crucial to consider potential dual agency involvement. Dual agency occurs when a real estate agent represents both the buyer and seller in the same transaction. In this situation, the agent has a duty to act impartially and ethically towards both parties, which can be complex due to the differing interests involved. Disclosing potential dual agency to the clients is essential to ensure transparency and informed decision-making. By including potential dual agency involvement in such situations, all parties can be aware of the potential conflicts and navigate the transaction more effectively. The other options are not directly related to managing conflicts of interest in real estate transactions. Restricted services when representing both buyer and seller, potential for earning multiple commissions, and brokerage's policies on marketing strategies are important considerations in real estate transactions but are not as directly linked to addressing conflicts of interest as potential dual agency involvement.