Ontario Real Estate Licensing Exam Practice · Question
Liam, a salesperson, is approached by a buyer, Maria, who is interested in purchasing a commercial property listed by Liam's brokerage in Toronto. Liam has been appointed to represent the seller, but no other salesperson in his brokerage is designated to represent Maria. What must Liam do regarding the buyer's representation?
Under the designated representation rules in TRESA, if a salesperson is designated to represent a seller, another salesperson in the same brokerage can be desig
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Question: Liam, a salesperson, is approached by a buyer, Maria, who is interested in purchasing a commercial property listed by Liam's brokerage in Toronto. Liam has been appointed to represent the seller, but no other salesperson in his brokerage is designated to represent Maria. What must Liam do regarding the buyer's representation?
Answer options: ✅ Liam must disclose that he is representing the seller and advise Maria that she is a self-represented party, without further designated representation from his brokerage for that property.
- Liam must immediately offer to represent Maria as her designated representative for the property.
- Liam must refer Maria to another brokerage for representation to avoid a conflict of interest.
- Liam must inform Maria that she can only proceed with an offer if she agrees to designated representation from a different salesperson within his brokerage.
Correct answer: Liam must disclose that he is representing the seller and advise Maria that she is a self-represented party, without further designated representation from his brokerage for that property.
Explanation: Under the designated representation rules in TRESA, if a salesperson is designated to represent a seller, another salesperson in the same brokerage can be designated to represent a buyer for the same property. If no one is designated for the buyer, the buyer is considered a self-represented party, and the salesperson must disclose their representation of the seller.
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