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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Under what conditions can Salesperson Chang accept a $200 gift certificate from a buyer customer?

  1. Chang cannot accept any additional benefits from buyers under any circumstance

  2. Chang can accept it if the gift is under $50

  3. Chang can accept it after verbal disclosure to the seller client

  4. Chang can accept it with written disclosure to the seller client

  5. Chang can only accept the gift if he refuses his commission from the seller

  6. Chang does not need to disclose the gift to anyone

The correct answer is: Chang can accept it with written disclosure to the seller client

Salesperson Chang can accept a $200 gift certificate from a buyer customer under the condition that there is written disclosure to the seller client. This written disclosure is necessary to maintain transparency and avoid any conflicts of interest. Option A is incorrect because there are specific conditions under which a salesperson can accept gifts from buyers. Option B is incorrect because the gift amount exceeds the $50 limit. Option C is incorrect because verbal disclosure is not sufficient in this situation. Option E is incorrect because refusing the commission from the seller is not a requirement for accepting the gift. Option F is incorrect because disclosure of the gift is necessary to maintain ethical standards in real estate transactions.

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