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.

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In what scenario must a brokerage representative be present when offers are being reviewed?

  1. When only one offer is received

  2. When offers are presented remotely

  3. When multiple offers are submitted

  4. He must always be there regardless of offers

  5. When a buyer is related to another registrant

  6. When offers come in within the same timeframe

The correct answer is: When multiple offers are submitted

In the scenario where multiple offers are submitted, a brokerage representative must be present when offers are being reviewed. This is because when dealing with multiple offers, it is crucial to ensure fair and transparent handling of the offers in accordance with the Real Estate and Business Brokers Act (REBBA) Code of Ethics. Having a brokerage representative present helps to maintain the integrity of the process and ensures that all parties are treated fairly. Options A, B, D, E, and F are incorrect because they do not specifically address the requirement for a brokerage representative to be present when multiple offers are being reviewed.

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