Humber/Ontario Real Estate Course 1 Exam Practice

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What is the appropriate way to handle a situation where information about future development is overheard during an open house?

Not obligated to share information as conversations overheard are exempted under the Code of Ethics
No obligation to share details as the individuals are not clients
Sharing information is not appropriate if the plans are not publicly available
Share knowledge of proposed plans and suggest the couple investigate further

The correct answer is: Share knowledge of proposed plans and suggest the couple investigate further

In real estate, it is crucial to act ethically and in the best interest of all parties involved. In this scenario, the most appropriate response is to share the knowledge of proposed plans that were overheard during the open house and advise the couple to investigate further. By doing so, you are providing valuable information to potential buyers, helping them make an informed decision about the property based on all available information. This approach demonstrates professionalism and transparency, which are important qualities in the real estate industry.