Humber/Ontario Real Estate Course 1 Exam Practice

One of the key responsibilities of real estate salespersons under REBBA is which of the following?

1. To offer financial advice to clients

2. To ensure the completion of accurate property disclosures

3. To primarily focus on advertising and marketing strategies

4. To negotiate directly on behalf of brokerage

The correct answer is: To ensure the completion of accurate property disclosures

The correct choice highlighting one of the key responsibilities of real estate salespersons under REBBA is ensuring the completion of accurate property disclosures. This responsibility is crucial in maintaining transparency and protecting the interests of clients. Accurate property disclosures are fundamental because they provide prospective buyers with essential information about the condition and specifics of a property, which can significantly influence buying decisions. By ensuring these disclosures are completed accurately, salespersons support honest transactions and help mitigate potential legal issues that may arise from undisclosed property defects or concerns. While offering financial advice, focusing on advertising and marketing strategies, and negotiating on behalf of a brokerage are important aspects of a real estate sales person's role, they do not specifically align with the regulatory emphasis under REBBA related to property disclosures. Therefore, the focus on accuracy and thoroughness in property disclosures stands out as a key responsibility under the regulations.