Humber/Ontario Real Estate Course 3 Exam Practice

Under REBBA regulations, what is NOT included in the duties owed to clients and customers?

1. Promoting the self-interest of the brokerage above all.

2. Fair and honest treatment of clients and customers.

3. Ensuring accuracy of information provided to clients and customers.

4. Protecting and promoting the interests of clients.

5. Advising clients when to seek outside expertise.

6. Promptly answering client inquiries.

The correct answer is: Promoting the self-interest of the brokerage above all.

Promoting the self-interest of the brokerage above all is not included in the duties owed to clients and customers under the Real Estate and Business Brokers Act (REBBA) regulations. The fundamental principles of REBBA emphasize the importance of fiduciary duties, which prioritize the interests of clients. This includes acting in the best interests of clients, providing fair and honest treatment, ensuring the accuracy of information, and advising them when outside expertise is beneficial. The purpose of these regulations is to create a trustworthy environment in real estate transactions, where clients feel protected and valued. Given this context, any action that promotes the brokerage’s self-interest over the client’s interest would violate these core principles. Instead, real estate professionals are expected to focus on the needs and interests of their clients, maintaining integrity and transparency throughout the process.