Humber/Ontario Real Estate Course 2 Exam Practice

If a buyer purchases a property that was introduced by the original salesperson after switching brokerages, which of the following is correct regarding their obligation to pay remuneration?

1. Buyer's obligation is waived if they purchase through a new brokerage immediately after the agreement expires.

2. Buyer's obligation to pay is reduced by any amount paid under a subsequent agreement with a new brokerage.

3. Buyer's responsibility to pay is limited to a maximum period of 45 days as per REBBA for residential properties.

4. There would be no obligation to pay remuneration to two brokerages if another brokerage sold the property.

5. This situation only happens if the property was shown solely by the original salesperson, not other salespersons.

The correct answer is: Buyer's obligation to pay is reduced by any amount paid under a subsequent agreement with a new brokerage.

In this scenario, the correct answer is B because the buyer's obligation to pay remuneration is indeed reduced by any amount paid under a subsequent agreement with a new brokerage. When a buyer purchases a property that was introduced by the original salesperson after switching brokerages, the buyer may have engaged in an agreement with the original salesperson's previous brokerage. If the buyer later purchases the property through a new brokerage, any remuneration that was already paid or owed to the original brokerage would typically be subtracted from the total amount owed to the new brokerage. This practice helps ensure fairness and prevents the buyer from double-paying for the same service.