Humber/Ontario Real Estate Course 3 Exam Practice

Question: 1 / 1165

What should the salesperson do upon receiving a $500 gift certificate from an appreciative buyer customer?

Inform the seller client and disclose the payment through the brokerage

Accept graciously with no questions or disclosures

Not accept the monetary gift

Inform only the seller client about the gift

The appropriate action for a salesperson upon receiving a gift certificate from a buyer customer is to inform only the seller client about the gift. This choice reflects a commitment to transparency and maintaining professional ethics in real estate transactions. By disclosing the receipt of the gift to the seller client, the salesperson ensures that all parties involved are operating with full knowledge of potential influences on the relationship.

Moreover, this contributes to trust and clarity in the business relationship, which is crucial for maintaining a professional standard in real estate practices. While it is also vital to comply with brokerage policies regarding gifts, informing the seller client specifically acknowledges the importance of their interests in a transaction.

Other options may suggest varying degrees of acceptance or denial of the gift, but failing to inform the seller client could risk misunderstandings or perceived improprieties later. Therefore, the act of sharing this information upholds ethical standards within the industry.

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Return the gift to avoid conflicts

Inform the buyer's lawyer of the gift

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