Skip to main content

Ontario Real Estate Licensing Exam Practice · Question

A buyer's salesperson learns that the seller's motivation for selling is a recent job loss and financial difficulty. The salesperson is representing the buyer in a multiple offer situation. What is the salesperson's ethical duty regarding this information?

While it might seem beneficial, a salesperson's duty of confidentiality extends to information about the other party's motivation or personal circumstances lear

Start free practice for Ontario Real Estate Licensing Exam Practice

363 questions · no signup required · 40 free questions per day

Start Practice →

Question: A buyer's salesperson learns that the seller's motivation for selling is a recent job loss and financial difficulty. The salesperson is representing the buyer in a multiple offer situation. What is the salesperson's ethical duty regarding this information?

Answer options: ✅ The salesperson must not disclose the seller's motivation to their buyer without the seller's express consent.

  • The salesperson should immediately inform their buyer, as it could strengthen their offer.
  • The salesperson should anonymously leak the information to all bidding parties to ensure fairness.
  • The salesperson should use this information to negotiate a lower price for their buyer, as it's not a material fact about the property.

Correct answer: The salesperson must not disclose the seller's motivation to their buyer without the seller's express consent.

Explanation: While it might seem beneficial, a salesperson's duty of confidentiality extends to information about the other party's motivation or personal circumstances learned in confidence, especially if it was a breach of confidentiality by the other party's representative. Disclosing such confidential information without consent would be a clear ethical and REBBA violation.

Start free practice for Ontario Real Estate Licensing Exam Practice

363 questions · no signup required · 40 free questions per day

Start Practice →

More about Ontario Real Estate Licensing Exam Practice

Related Questions

More for Ontario Real Estate Licensing Exam Practice candidates

Ready to practice?

Free, no signup required. Build a wrong-question list as you go.

Start Free Ontario Real Estate Licensing Exam Practice Practice →

Related courses

Other Canadian certifications candidates often prepare for alongside this one.