Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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Regarding listing periods, if a salesperson wishes to list a property until a certain expiry date, what must be prominently displayed?

The seller's personal contact information.
The expiry date on the first page of the listing agreement with seller’s initials.
Future market predictions and analytics.
Details of nearby listed properties.
The listing history of adjacent properties.
Miscellaneous fees associated with the sale.

The correct answer is: The expiry date on the first page of the listing agreement with seller’s initials.

The need for the expiry date to be prominently displayed along with the seller’s initials on the first page of the listing agreement is crucial for clarity and legality in real estate transactions. This ensures that both the seller and the salesperson are aware of the agreed-upon duration of the listing, thereby preventing any confusion about when the agreement ends. The prominence of this information highlights its importance and reinforces the need for both parties to align on the timeline for the sale. Having the expiry date visible at the start of the listing agreement allows for easy reference throughout the listing period and ensures that the seller is fully informed about their commitment. This is important for maintaining professionalism and transparency in the relationship between the seller and the salesperson. The other options present information that, while potentially useful in various contexts, do not fulfill the regulatory or procedural requirements regarding the listing period itself.