When must a real estate agent disclose multiple representation to their clients?
Correct Answer
D) As soon as the potential conflict arises
Real estate agents must disclose multiple representation as soon as the potential conflict arises, typically when they realize they may be representing both the buyer and seller in the same transaction. This disclosure must be made before any confidential information is shared and requires written consent from both parties.
Why This Is the Correct Answer
This answer is correct because the rules require disclosure before the brokerage acts for both clients. O. Reg. 567/05 s. 22 prohibits multiple representation unless disclosure has been made and each client has consented in writing, and Code of Ethics s. 13 prohibits continuing to provide services where a conflict exists or may exist without disclosure and written consent. So the disclosure is due as soon as the potential conflict arises.
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