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 information must a salesperson keep confidential when a buyer customer inquires about the seller’s financial situation?

General financial advice provided by the brokerage.
Information not related to the property's value.
Any conversations specifically about the listing price.
Client’s financial pressure unless authorized to disclose.
Terms of the listing agreement held with another brokerage.
Details unrelated to the real estate transaction.

The correct answer is: Client’s financial pressure unless authorized to disclose.

When a buyer customer inquires about the seller's financial situation, a salesperson must keep the client's financial pressure confidential unless authorized to disclose. This information is considered highly sensitive and must be handled with care to maintain trust and protect the client's best interests. Options A, B, C, E, and F are incorrect because they do not specifically address the importance of maintaining the confidentiality of a client's financial pressures in this situation. While general financial advice, information unrelated to property value, conversations about the listing price, details of listing agreements with other brokerages, and unrelated details should also be treated with discretion, the critical point in this scenario is the need to protect the client's financial pressures from disclosure without authorization.