Under TRESA and O. Reg. 567/05, when must an Ontario brokerage disclose multiple representation to its clients?
Correct Answer
D) Before the brokerage represents both, with written consent from each client
O. Reg. 567/05 s. 22 says a brokerage shall not represent more than one client in the same trade unless it has disclosed that fact and the differences in its duties, services and remuneration to each client, and each has consented in writing. Disclosure and consent therefore must come before the brokerage acts for both.
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