Humber/Ontario Real Estate Course 2 Exam Practice

What must a salesperson do after obtaining a gift certificate from a buyer customer?

1. Report it to the seller and ensure brokerage involvement.

2. Keep it discreet from all parties involved.

3. Contact the local real estate board for guidance.

4. Inform the seller without notifying the brokerage.

5. Accept the gift privately without disclosure.

6. Return the gift to avoid any conflicts of interest.

The correct answer is: Report it to the seller and ensure brokerage involvement.

After obtaining a gift certificate from a buyer customer, it is essential for a salesperson to report it to the seller and ensure brokerage involvement. This step is crucial to maintain transparency and uphold ethical standards in real estate transactions. By informing the seller and involving the brokerage, the salesperson ensures that all parties are aware of any potential gifts or benefits received, preventing any conflicts of interest and maintaining a fair and honest transaction process. It also helps to demonstrate professionalism and integrity in the relationship between the parties involved. Therefore, option A is the correct choice in this scenario.