Humber/Ontario Real Estate Course 2 Exam Practice

According to the buyer customer service agreement, what is expected of the buyer?

1. Remuneration is paid by the buyer to the brokerage

2. The agreement between the buyer and the brokerage is exclusive

3. The brokerage is responsible for any patent defects on the property

4. The buyer must independently check out the condition of the property

The correct answer is: The agreement between the buyer and the brokerage is exclusive

In a buyer customer service agreement, it is expected that the agreement between the buyer and the brokerage is exclusive. This means that the buyer has agreed to work exclusively with that particular brokerage to assist them in their real estate transaction. This exclusivity ensures that the brokerage is the only one helping the buyer in their property search and transaction process. It also establishes a clear understanding of the roles and responsibilities of both parties involved. This exclusivity aspect is crucial in fostering a strong and professional working relationship between the buyer and the brokerage.