Ontario Real Estate Licensing Exam Practice · Question
According to the Code of Ethics, what must a real estate agent do if they become aware of a significant structural defect in a property they are listing, even if the seller wishes to conceal it?
Registrants have an ethical and legal obligation under the Code of Ethics to disclose material facts, including significant structural defects, even if the sell
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Question: According to the Code of Ethics, what must a real estate agent do if they become aware of a significant structural defect in a property they are listing, even if the seller wishes to conceal it?
Answer options: ✅ They must disclose the defect to potential buyers.
- They must follow the seller's instructions to conceal the defect.
- They must only disclose it if directly asked by a buyer.
- They must advise the seller to fix the defect before listing.
Correct answer: They must disclose the defect to potential buyers.
Explanation: Registrants have an ethical and legal obligation under the Code of Ethics to disclose material facts, including significant structural defects, even if the seller prefers not to, because withholding such information would be dishonest and against the public interest.
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