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 situation is a salesperson allowed to disclose the seller's financial pressure?

  1. Only when authorized by the client.

  2. Whenever it benefits the transaction outcome.

  3. Under guidance from a broker of record.

  4. When the buyer provides a confidentiality agreement.

  5. If the information is public knowledge.

  6. When it impacts the listing price negotiation.

The correct answer is: Only when authorized by the client.

In real estate transactions, confidentiality is crucial, especially when it comes to sensitive information such as a seller's financial pressure. This information is considered confidential and should be disclosed only when authorized by the client. Releasing information about the seller's financial situation without permission could not only jeopardize the transaction but also violate the ethical responsibilities of the salesperson. Therefore, the correct option is A, as it emphasizes the importance of obtaining permission from the client before disclosing any confidential details.

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