A buyer, Chloe, is interested in purchasing a pre-construction condo unit in Vaughan. Her salesperson, Mark, works for a brokerage that also represents the developer of the pre-construction project. If Chloe wants Mark to represent her in the transaction, what must Mark do regarding the potential for multiple representation?

Question: A buyer, Chloe, is interested in purchasing a pre-construction condo unit in Vaughan. Her salesperson, Mark, works for a brokerage that also represents the developer of the pre-construction project. If Chloe wants Mark to represent her in the transaction, what must Mark do regarding the potential for multiple representation?

Answer options: ✅ Mark must obtain Chloe's express written consent to multiple representation, clearly explaining its implications, as outlined in the Code of Ethics under TRESA.

• Mark must refuse to represent Chloe, as it would constitute an automatic conflict of interest under TRESA.
• Mark can solely represent Chloe without disclosing any conflict, as the developer is a corporate entity.
• Mark only needs to orally inform Chloe that his brokerage also represents the developer.

Correct answer: Mark must obtain Chloe's express written consent to multiple representation, clearly explaining its implications, as outlined in the Code of Ethics under TRESA.

Explanation: Under the Code of Ethics in TRESA, if a registrant represents more than one client in the same transaction, they must disclose the multiple representation to all clients involved and obtain their express written consent to it, explaining the implications.