Humber/Ontario Real Estate Course 4 Exam Practice

When two salespersons from the same brokerage represent different buyers for the same property, what is this situation called?

1. Conflict of interest

2. Dual representation

3. Independent representation

4. Multiple representation

5. Exclusive agency

6. Single agency

The correct answer is: Multiple representation

The situation where two salespersons from the same brokerage represent different buyers for the same property is referred to as multiple representation. This concept occurs when a brokerage has the opportunity to represent multiple parties in a single real estate transaction, which can present unique circumstances and considerations for the participants involved. In a scenario of multiple representation, both buyers may receive representation from the same brokerage, but it is critical that the agents manage the relationship transparently and ethically. This ensures that neither party's interests are compromised and that all relevant information is properly disclosed, maintaining fairness throughout the transaction process. Other terms, such as dual representation, often imply a single agent representing both parties, which is different from having multiple agents from the same brokerage representing different buyers. Similarly, independent representation refers to agents representing clients without any conflicts of interest, while exclusive agency involves a specific type of listing agreement. Understanding these distinctions is crucial in navigating real estate scenarios appropriately.