Humber/Ontario Real Estate Course 2 Exam Practice

Salesperson Brown must immediately rectify the mistake upon forgetting to leave a copy of the listing agreement with Seller Harris. What is the correct action?

1. Salesperson Brown should immediately rectify the problem by giving a signed copy to the seller.

2. Salesperson Brown need not take any further action, as the seller has indicated that he does not need a copy of the agreement.

3. The seller does not have to receive a copy of the listing agreement. This is a courtesy only and not a requirement.

4. The REBBA Code of Ethics provides that, in the event a copy of a seller representation agreement is not delivered to the seller, an appropriate notation should be made in the applicable brokerage file.

The correct answer is: Salesperson Brown should immediately rectify the problem by giving a signed copy to the seller.

In this scenario, the correct action for Salesperson Brown is to immediately rectify the mistake by giving a signed copy of the listing agreement to Seller Harris. Providing a signed copy of the listing agreement to the seller is a crucial step in ensuring transparency and maintaining trust in the real estate transaction process. It serves as proof of the agreement between the seller and the real estate brokerage, outlining the terms and conditions of their partnership. By giving Seller Harris a copy of the listing agreement, Salesperson Brown fulfills their duty to provide the necessary documentation and information to all parties involved in the transaction. Option B is incorrect because the seller's indication that they do not need a copy of the agreement does not negate the requirement for Salesperson Brown to provide one. Providing a copy of the listing agreement serves as a standard industry practice and is essential for record-keeping and compliance purposes. Option C is incorrect because in Ontario, the seller is legally required to receive a copy of the listing agreement. It is not merely a courtesy gesture but a regulatory obligation to ensure transparency and protect all parties' interests in the real estate transaction. Option D is incorrect as the REBBA Code of Ethics emphasizes the importance of providing a copy of the seller representation agreement to the seller rather than solely making a notation in the brokerage file. Making a notation in the file does not fulfill the requirement of providing the seller with a copy of the agreement for their records.