Humber/Ontario Real Estate Course 4 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 4 Exam with our comprehensive practice tests. Study with flashcards and multiple-choice questions, complete with hints and detailed explanations. Achieve success on your real estate licensing journey!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When real estate agents have a personal stake in a buying corporation, what are they obligated to do?

Keep their investment confidential unless requested.
Disclose their interest to buyers only, not sellers.
Fully inform the seller of their personal interest.
Inform the brokerage but not the clients.

The correct answer is: Fully inform the seller of their personal interest.

When real estate agents have a personal stake in a buying corporation, they are obligated to fully inform the seller of their personal interest. This obligation is rooted in the principles of transparency and ethical conduct within the real estate industry. Full disclosure helps ensure that all parties involved are aware of potential conflicts of interest, allowing them to make informed decisions during the transaction. This duty to disclose helps maintain the integrity of the transaction and fosters trust between the agent and clients. The principle of transparency is critical in real estate dealings, as it protects the rights and interests of both buyers and sellers. By informing the seller of their personal stake, agents comply with legal and ethical obligations, promoting a fair and equitable process for all involved.