ON Real Estate Sim 1 Practice Questions - Ontario Real Estate Simulation Exam 1 (Salesperson Program) Exam

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A buyer contacts a salesperson and says they want help purchasing a home but do not want to sign anything yet. Under TRESA, before the salesperson provides services that establish a client relationship, the salesperson must:

Refuse to speak with the buyer until a representation agreement is signed Disclose the nature of the representation being provided and explain the difference between client and self-represented party status Automatically treat the buyer as a self-represented party for the entire transaction Tell the buyer that all services are free until closing

Correct Answer:

Disclose the nature of the representation being provided and explain the difference between client and self-represented party status

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