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Agency & Professional EthicsDisclosure_obligationsONEASY

Under TRESA's regulations, when must a registrant give a person the RECO Information Guide, or a link to it?

Correct Answer

D) Before providing the person any services or assistance

O. Reg. 567/05 s. 13(3) requires a registrant to provide a copy of the RECO Information Guide, or a link to it on RECO's website, before providing services or assistance to a person in relation to trading in real estate. Under s. 13(4), a broker or salesperson must also explain the guide's contents before providing those services or that assistance.

Answer Options
A
Only after a representation agreement is signed
B
Within 24 hours of first contact with the consumer
C
Only once the consumer is ready to make an offer
D
Before providing the person any services or assistance

Why This Is the Correct Answer

This answer is correct because s. 13(3) of O. Reg. 567/05 requires the guide, or a link to it, before the registrant provides any services or assistance to the person, and s. 13(4) requires the broker or salesperson to explain it at the same point.

Why the Other Options Are Wrong

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Key Terms

RECO Information Guides. 13services or assistanceTRESAself-represented party
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