In Ontario, Sarah is a real estate salesperson representing both the buyer and the seller in the same transaction, with written consent from both parties. What type of representation is this?
Correct Answer
D) Multiple representation
Multiple representation occurs when the same agent or brokerage represents both buyer and seller in a transaction with proper disclosure and written consent. This arrangement requires careful management of potential conflicts of interest and reduced levels of representation.
Why This Is the Correct Answer
Multiple representation is Ontario's term for a brokerage or a designated representative representing more than one client, such as the buyer and the seller, in the same trade. Under O. Reg. 567/05 ss. 22 and 22.0.1 it is permitted only after disclosure and each client's written consent, and the clients' interests must then be treated objectively and impartially.
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