Ontario Real Estate Licensing Exam Practice · Question
Which of the following describes a key principle of the Code of Ethics under REBBA/TRESA concerning a registrant's conduct?
Section 3 of the Code of Ethics under REBBA/TRESA (now TRESA, 2002) states that a registrant shall treat every person fairly, honestly, and with integrity. This
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Question: Which of the following describes a key principle of the Code of Ethics under REBBA/TRESA concerning a registrant's conduct?
Answer options: ✅ Registrants must treat all parties involved in a trade fairly, honestly, and with integrity.
- Registrants are permitted to prioritize their own financial gain over their client's best interests.
- Registrants are only required to disclose material facts if specifically asked by a client.
- Registrants can provide legal advice as long as it pertains to a real estate transaction.
Correct answer: Registrants must treat all parties involved in a trade fairly, honestly, and with integrity.
Explanation: Section 3 of the Code of Ethics under REBBA/TRESA (now TRESA, 2002) states that a registrant shall treat every person fairly, honestly, and with integrity. This principle forms the foundation for ethical conduct in real estate transactions.
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