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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What does REBBA's term 'representation' generally equate to?

Applies to seller agreements, but not buyer agreements.
Does not apply to listing agreements.
Is generally analogous to agency.
Refers to a non-agency relationship.
Refers to limited agency representation.
Represents a fully disclosed relationship.

The correct answer is: Applies to seller agreements, but not buyer agreements.

REBBA's term 'representation' generally equates to an agency relationship. It involves the concept of one party (the agent) representing the best interests of another party (the client) in a real estate transaction. It is crucial for real estate professionals to understand the responsibilities and duties that come with an agency relationship as laid out in the Real Estate and Business Brokers Act (REBBA). The correct answer is C: Is generally analogous to agency. The other options provided are not accurate. Choice A is incorrect because representation can apply to both seller agreements and buyer agreements. Choice B is misleading because representation does apply to listing agreements. Choice D is incorrect because representation refers to an agency relationship, not a non-agency relationship. Choice E is also incorrect as representation does not specifically refer to limited agency representation. Choice F is inaccurate as representation does not always mean a fully disclosed relationship.