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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When assisting a buyer, what is an important aspect that Salesperson Alex should clarify?

The resale value of the property
The differences between customer and client roles
The environmental concerns related to the property
The financial benefits of purchasing the property
The detailed property inspection findings
The market trends in the area

The correct answer is: The differences between customer and client roles

Clarifying the differences between customer and client roles is crucial because it sets the foundation for the relationship between the salesperson and the buyer. Understanding these distinctions ensures that the buyer knows whether they are receiving general information as a customer or more personalized, fiduciary services as a client. This clarity helps in managing expectations and fosters trust, which is essential in the real estate transaction process. Having this understanding also ensures that the salesperson can represent the buyer's interests appropriately and protect their rights throughout the transaction. Without this clarity, there can be confusion about the level of service and obligation that the salesperson has towards the buyer.