Humber/Ontario Real Estate Course 1 Exam Practice

According to REBBA, which of the following is NOT a duty owed to clients and customers?

1. Ensure accuracy of information provided to both clients and customers

2. Protect and promote the interests of clients and customers

3. Treat clients and customers with fairness and honesty

4. Advise seeking external services when lacking necessary skills

5. Conduct business in accordance with regulatory standards

6. Maintain fiduciary duties to clients

The correct answer is: Advise seeking external services when lacking necessary skills

The choice that indicates "advise seeking external services when lacking necessary skills" is not classified as a duty owed to clients and customers under the Real Estate and Business Brokers Act (REBBA). While professionals are encouraged to recognize their limitations and refer clients to other experts when necessary, this action does not fall under the formal duties outlined within REBBA. The primary duties outlined in REBBA focus on ensuring accuracy, promoting interests, treating individuals fairly, conducting business according to regulations, and maintaining fiduciary responsibilities. These responsibilities emphasize the protection of clients' and customers' interests, ethical conduct, and compliance with legal standards, which are fundamental to the real estate profession. In summary, while advising clients on the necessity of external services is sound practice, it is not specifically enumerated as a formal duty owed to clients and customers in the context of REBBA.