Humber/Ontario Real Estate Course 3 Exam Practice

What should a salesperson do if they find that the square footage listed by the seller is incorrect?

1. Correct the listing immediately.

2. Contact the local buildings department.

3. Clarify it with the seller and update the information accordingly.

4. Ignore the discrepancy if it is not too large.

The correct answer is: Clarify it with the seller and update the information accordingly.

In situations where a salesperson discovers that the square footage listed by the seller is incorrect, it is important to clarify the discrepancy with the seller first and then update the information accordingly. This approach ensures that all parties involved have accurate and consistent information. Maintaining accurate property details, such as square footage, is crucial for compliance with real estate regulations and helps build trust between the salesperson, the seller, and prospective buyers. By discussing the discrepancy with the seller, the salesperson can gather the correct data and also verify whether the seller has valid documentation to support the updated figures. Once clarified, the salesperson should update the listing to reflect the correct square footage, thus ensuring transparency and protecting the interests of all parties involved in the transaction. Taking any other approach, such as trying to correct the listing immediately or ignoring the discrepancy, could lead to misunderstandings or potential legal implications regarding misrepresentation. It's essential to operate in good faith and adhere to the ethical guidelines that govern real estate practices.