Humber/Ontario Real Estate Course 3 Exam Practice

When must a salesperson attempt to obtain written acknowledgment from the buyer according to the REBBA Code of Ethics?

1. The buyer must sign a written acknowledgement before any properties can be shown to that buyer.

2. The buyer must sign a written acknowledgement if they are being represented, but not for a customer service agreement.

3. The salesperson, on behalf of their brokerage, must use their best efforts to obtain written acknowledgment that the information has been received by the buyer.

4. The salesperson must ensure that they receive a written acknowledgement from the buyer that this information has been provided.

The correct answer is: The salesperson, on behalf of their brokerage, must use their best efforts to obtain written acknowledgment that the information has been received by the buyer.

The correct choice emphasizes the salesperson's responsibility to make a genuine effort to obtain written acknowledgment from the buyer that they have received the relevant information. This is crucial within the framework of the REBBA Code of Ethics as it protects both the buyer and the salesperson by ensuring that the buyer is informed and has acknowledged that they have received important information about the transaction. Obtaining written acknowledgment reinforces transparency and accountability in real estate transactions. It serves as a safeguard for all parties involved, confirming that the buyer has had the opportunity to review and acknowledge the information provided, thus fostering trust in the professional relationship. The other options present misconceptions about the requirements regarding written acknowledgments. For instance, the notion that no properties can be shown until a buyer signs an acknowledgment undermines the flexibility of the real estate process. Additionally, suggesting that this requirement only applies if the buyer is being represented neglects the importance of acknowledgment for all real estate interactions, regardless of representation. Finally, implying that it is simply a matter of ensuring receipt without actively obtaining acknowledgment misses the key duty outlined by the REBBA, which is the salesperson’s proactive effort.