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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following actions would breach a salesperson's obligation to maintain confidentiality?

Should contact any potential buyers and advise them of the seller's comments in hopes of securing an acceptable offer.
Would breach his obligation to maintain confidentiality, if he provided this information to any prospective buyer.
Would have the right to discuss this matter with the potential buyer, if that buyer is seriously considering the house and is submitting an offer.
Can advertise the following: Listing price: $499,500, all offers above $450,000 seriously considered.
Contact only pre-qualified buyers and disclose the seller's lowest acceptable price.
Inform the seller's lender about the reduced price range for quicker approval of the sale.

The correct answer is: Would breach his obligation to maintain confidentiality, if he provided this information to any prospective buyer.

The selection of the answer highlights a clear understanding of the obligation a salesperson has to maintain confidentiality in real estate transactions. It emphasizes that providing specific seller information to potential buyers could jeopardize the seller's position during negotiations and violate the duty of confidentiality. The obligation to maintain confidentiality is fundamental in the real estate profession. Salespersons must protect sensitive information shared by their clients, which can include details such as lowest acceptable price, motivation for selling, and personal comments. When this information is disclosed to prospective buyers without the seller's consent, it could compromise the seller's ability to negotiate effectively, which is why option B accurately encapsulates a breach of this confidentiality obligation. In contrast, the other actions listed may either involve permissible information sharing, general advertising without compromising confidential details, or situations where the necessity for disclosure might be justified (such as discussions regarding an offer). This distinguishes them from outright breaches of confidentiality. Thus, option B correctly identifies an action that would indeed infringe upon the salesperson's duty to maintain the seller's privacy and confidentiality.