In a multiple representation situation in Ontario, what specific disclosure must be provided to both buyer and seller before any offers are presented?
Correct Answer
B) Written disclosure using REBBA prescribed forms acknowledging the multiple representation
Under REBBA (Real Estate and Business Brokers Act), brokerages must provide written disclosure using prescribed forms when multiple representation occurs, and both parties must acknowledge and consent to this arrangement before any offers are presented. This ensures both parties understand the limitations and potential conflicts inherent in multiple representation.
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