As a new salesperson in Ontario, you are approached by a friend who is interested in buying a commercial property in Hamilton. Your friend asks you to represent him as a client in the transaction. Which of the following is a fundamental obligation you owe to your friend as a client under a Buyer Representation Agreement?

Question: As a new salesperson in Ontario, you are approached by a friend who is interested in buying a commercial property in Hamilton. Your friend asks you to represent him as a client in the transaction. Which of the following is a fundamental obligation you owe to your friend as a client under a Buyer Representation Agreement?

Answer options:

• To disclose confidential information about other clients if it benefits your friend's negotiation.
• To purchase the property yourself if you believe it's a good investment and your friend delays. ✅ To promote and protect your friend's best interests, including negotiating the best possible terms.
• To provide legal advice regarding the complexities of commercial property law.

Correct answer: To promote and protect your friend's best interests, including negotiating the best possible terms.

Explanation: A fundamental duty of a real estate registrant acting for a client is to promote and protect that client's best interests, which includes negotiating on their behalf to secure the most favourable terms, as outlined in the Code of Ethics under TRESA, 2002.