Humber/Ontario Real Estate Course 3 Exam Practice

Which of the following statements is correct regarding appropriate means to protect a seller client's best interests?

1. Ensure the seller's motivation to sell is included in the listing details

2. Only seek the advice of a third-party if so requested by the seller client

3. Add a disclaimer and/or qualifying statement for any property details that cannot be verified

4. Assume that the seller has fully read and understood agreements and related documents prior to signing them

The correct answer is: Add a disclaimer and/or qualifying statement for any property details that cannot be verified

The correct choice emphasizes the importance of transparency and risk management when dealing with property transactions. Adding a disclaimer and/or qualifying statement for any property details that cannot be verified protects the seller and the agent by acknowledging the uncertainty surrounding certain information. This practice not only mitigates liability for the agent but also ensures that potential buyers are fully informed about the property's characteristics, which can affect their decision-making process. In real estate, it's crucial to communicate any uncertainties about property details to maintain ethical standards and comply with legal requirements. This approach fosters trust between all parties involved and helps to avoid disputes that may arise from misrepresentations. Recognizing that verification of all property information might not always be feasible, providing disclaimers is a proactive measure to protect the seller's interests. Therefore, this choice correctly represents an important strategy for ensuring that a seller client is well-protected in the real estate process.