Humber/Ontario Real Estate Course 2 Exam Practice

How should Salesperson Jones address disclosure and remuneration acknowledgment when presenting an offer to a seller represented by a different real estate board?

1. Ask the cooperating brokerage to prepare a remuneration letter

2. Complete and sign a confirmation of cooperation and representation form

3. Prepare a letter on the brokerage letterhead

4. Ask the listing brokerage for a copy of the listing

The correct answer is: Complete and sign a confirmation of cooperation and representation form

When presenting an offer to a seller represented by a different real estate board, Salesperson Jones should complete and sign a confirmation of cooperation and representation form (Option B). This form helps to address disclosure and remuneration acknowledgment between the cooperating brokerages involved in the transaction. By completing and signing this form, Salesperson Jones ensures that both parties understand their roles, responsibilities, and the compensation structure agreed upon in the transaction. Option A, asking the cooperating brokerage to prepare a remuneration letter, is not the ideal approach as it puts the responsibility on the other party to prepare the necessary documentation. Option C, preparing a letter on the brokerage letterhead, might lack the standardized details and legal requirements typically found in a confirmation of cooperation and representation form. Option D, asking the listing brokerage for a copy of the listing, is not relevant to addressing disclosure and remuneration acknowledgment between the cooperating brokerages.