Ontario Real Estate Licensing Exam Practice · Question
A real estate salesperson in Ontario is obligated to disclose any material facts about a property to a prospective buyer. This obligation is a fundamental component of:
Under the Code of Ethics, registrants have a duty of care and honesty, which includes the obligation to disclose all material facts known about a property to en
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Question: A real estate salesperson in Ontario is obligated to disclose any material facts about a property to a prospective buyer. This obligation is a fundamental component of:
Answer options:
- The duty of confidentiality. ✅ The duty of care and honesty.
- The duty to follow instructions.
- The duty of loyalty.
Correct answer: The duty of care and honesty.
Explanation: Under the Code of Ethics, registrants have a duty of care and honesty, which includes the obligation to disclose all material facts known about a property to ensure the buyer is fully informed.
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