Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the 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!

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In a multiple representation situation, who can represent both buyer and seller?

Only an external mediator.
The same salesperson at the brokerage.
Only a neutral third party.
An independent consultant.
An arbitrator employed by the brokerage.
The title company's representative.

The correct answer is: The same salesperson at the brokerage.

In a multiple representation situation, the same salesperson at the brokerage can represent both the buyer and the seller. This is known as multiple representation or dual agency. In this scenario, the real estate agent must ensure they provide fair and honest representation to both parties while maintaining confidentiality. It is essential for the agent to disclose the situation to both the buyer and the seller and obtain their informed consent before proceeding with this type of representation. Options A, C, D, E, and F are incorrect as they do not align with the concept of multiple representation where the same agent represents both the buyer and the seller.