What is the requirement to inform clients about one's interests?

Prepare for the Ontario Condominium Management License Test with flashcards and multiple choice questions, each equipped with hints and explanations. Get ready for success!

The correct answer is "Disclosure of Conflicts" because in the context of condominium management and in general professional practice, it is crucial for professionals to openly communicate any potential conflicts of interest to their clients. This obligation is rooted in the principle of maintaining trust and integrity in the relationship between the professional and the client.

Disclosure ensures that clients are fully informed about any interests that may impact the professional's judgment or actions on their behalf. By disclosing conflicts, the professional enables the client to make informed decisions regarding their representation. This requirement is often mandated by professional standards and regulations, which seek to uphold ethical practices within the industry.

Therefore, the emphasis on disclosure serves to promote transparency and maintain the ethical standards necessary in condominium management, as it safeguards both the client's interests and the integrity of the management company.

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