Under TRESA's general regulation, what must a salesperson do with the RECO Information Guide before providing services to a consumer?
Correct Answer
C) Provide a copy or link and explain its contents
O. Reg. 567/05 s. 13(3) requires a registrant to give the person a copy of the information guide, or a link to it on RECO's website, before providing services or assistance in relation to trading in real estate. Section 13(4) adds that the broker or salesperson must explain its contents before providing that service. There is no "Information Before Agreement" form.
Why This Is the Correct Answer
The salesperson must provide the guide itself or a link to it (s. 13(3)) and must explain its contents (s. 13(4)), both before providing services or assistance. The guide explains, among other things, the difference between being a client and a self-represented party, and the risks of being self-represented.
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