Humber/Ontario Real Estate Course 3 Exam Practice

Which is NOT a mistake a salesperson can make when providing services to a buyer or seller?

1. Making errors when transferring information to a seller representation agreement.

2. Not including the non-owner spouse's name when selling a matrimonial home.

3. Deferring to professionals when a buyer seeks property inspection.

4. Providing incomplete disclosure when discussing multiple representation.

5. Failing to disclose property defects openly.

6. Overpricing a property without market analysis.

The correct answer is: Providing incomplete disclosure when discussing multiple representation.

The selection of deferring to professionals when a buyer seeks property inspection is indeed the correct choice as it represents a proper practice rather than a mistake. Real estate salespersons are not home inspectors or specialists in all technical aspects of properties. By referring buyers to qualified professionals for property inspections, salespersons ensure that buyers receive accurate and expert assessments regarding the condition of a property. This act protects both the buyer's interests and the salesperson's integrity, as they are not overstepping their expertise or responsibilities. Other options listed represent significant oversights that a salesperson could make. For instance, errors in transferring information to a seller representation agreement could lead to misunderstandings or legal issues. Not including the non-owner spouse's name when selling a matrimonial home can result in a breach of family law. Providing incomplete disclosures in situations of multiple representation can violate the obligation of transparency and trust in the selling process. Failing to disclose property defects openly is deceptive and could lead to legal ramifications. Finally, overpricing a property without an accurate market analysis can harm the sales process and negatively impact all parties involved.