Humber/Ontario Real Estate Course 2 Exam Practice

How should a listing salesperson handle a $500 gift certificate from a buyer customer?

1. Accept the gift with no further action.

2. Decline the monetary gift.

3. Inform the seller but not the brokerage.

4. Disclose to the seller and ensure payment through the brokerage.

5. Keep the gift confidential.

6. Report it to the local real estate board.

The correct answer is: Disclose to the seller and ensure payment through the brokerage.

A listing salesperson should disclose to the seller about any gifts received, such as the $500 gift certificate from a buyer customer, and ensure that the payment goes through the brokerage. This is important as it ensures transparency and professionalism in the transaction process. By disclosing the gift to the seller and processing it through the brokerage, the listing salesperson upholds ethical standards and avoids any potential conflicts of interest. It is essential for real estate professionals to act honestly and in the best interests of their clients, which is why option D is the correct choice in this scenario.