Under Ontario's consumer protection provisions, what disclosure must be made when a real estate professional has a personal interest in a property being marketed?
Correct Answer
B) Written disclosure must be made before any agreement is signed
REBBA 2002 requires written disclosure of any direct or indirect interest in a property before entering into any agreement. This ensures transparency and allows clients to make informed decisions about potential conflicts of interest.
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Under FINTRAC regulations, what is the maximum amount for which a real estate professional can accept cash payment without triggering special reporting requirements?
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