In Ontario, when must a brokerage disclose that it will represent both the buyer and the seller in the same transaction?
Correct Answer
C) Before either party makes or receives an offer
O. Reg. 567/05 s. 22 says a brokerage shall not represent more than one client in the same trade unless it has disclosed the multiple representation to each client and each has consented in writing. The disclosure therefore has to come before the brokerage acts for both sides. In practice that means before either party makes or receives an offer.
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