Ontario Real Estate Licensing Exam Practice · Question
When must a real estate brokerage, under the provisions of TRESA 2023, provide a consumer information guide to a prospective client?
TRESA 2023 mandates that registrants must provide the consumer information guide to a prospective client before entering into a representation agreement or prov
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Question: When must a real estate brokerage, under the provisions of TRESA 2023, provide a consumer information guide to a prospective client?
Answer options:
- Only if the prospective client specifically requests it.
- At the time an offer is submitted by the client. ✅ Before entering into a representation agreement or providing services if no agreement is made.
- After the successful completion of a real estate transaction.
Correct answer: Before entering into a representation agreement or providing services if no agreement is made.
Explanation: TRESA 2023 mandates that registrants must provide the consumer information guide to a prospective client before entering into a representation agreement or providing services, ensuring they are informed of their rights and the registrant's obligations from the outset.
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