Humber/Ontario Real Estate Course 2 Exam Practice

What is necessary for Salesperson Saleem to do when entering a multiple representation scenario?

1. Obtain informed written consent from both parties involved in the transaction

2. Seek verbal agreement from both the buyer and seller

3. Proceed without any additional consents if one party does not consent

4. Disregard consent if the buyer is unaware of multiple representation rules

5. Receive only the seller's informed written consent

6. Explain the concept to the parties, but written consent is not needed

The correct answer is: Disregard consent if the buyer is unaware of multiple representation rules

In a multiple representation scenario, it is essential for the salesperson to ensure that both parties involved are aware of the situation and provide their informed written consent. By choosing option D as the correct answer, it acknowledges the importance of the buyer being aware of the multiple representation rules. This is crucial to maintaining transparency and avoiding any potential conflicts of interest in the transaction process. It is the responsibility of the salesperson to make sure all parties are fully informed and consent to the representation arrangement to uphold ethical standards in the real estate transaction.