Humber/Ontario Real Estate Course 2 Exam Practice

What is the ethical obligation of a salesperson regarding properties not listed on MLS but meeting the client's needs?

1. Inform the buyer only if the seller agrees to pay a commission.

2. Inform the buyer only if directly asked about non-MLS properties.

3. Inform the buyer due to an ethical responsibility.

4. Not required to inform about non-MLS properties.

The correct answer is: Not required to inform about non-MLS properties.

In the scenario described in the question, the correct ethical obligation of a salesperson regarding properties not listed on MLS but meeting the client's needs is option D, which states that the salesperson is not required to inform the buyer about non-MLS properties. This is because the obligation to disclose non-MLS properties is not a standard ethical responsibility in real estate transactions. The salesperson's primary duty is to act in the best interest of their client and assist them in finding properties that meet their needs. Disclosing non-MLS properties is not mandatory unless there is a specific agreement or request from the client to explore such options. Options A, B, and C are not the most suitable choices for this scenario as they do not accurately reflect the standard ethical obligations of a salesperson in this context.