Humber/Ontario Real Estate Course 2 Exam Practice

Why is it necessary for a salesperson to present offers from a co-operating brokerage promptly?

1. To avoid any ethical violations outlined in the Code

2. To ensure high commissions for the brokerage

3. To prevent discouraging buyers from making offers

4. To promote fair competition among buyers

5. To uphold local real estate regulations

6. To reassure the seller of prompt action

The correct answer is: To avoid any ethical violations outlined in the Code

It is necessary for a salesperson to present offers from a cooperating brokerage promptly to avoid any ethical violations outlined in the Code of Ethics and Standards of Business Practice. The Real Estate Council of Ontario (RECO) Code of Ethics requires real estate professionals to act in the best interests of their clients, and part of that obligation includes promptly presenting all offers to the seller. This ensures transparency, fairness, and accountability in the transaction process, ultimately upholding the integrity of the real estate profession.