Humber/Ontario Real Estate Course 2 Exam Practice

What does the "listing period" refer to in a seller representation agreement?

1. The interval between the agreement start and holdover termination.

2. The time frame from when the property is listed to sale completion.

3. The number of days the property remains unsold.

4. The period before the initial listing expires.

5. The total days of active marketing efforts.

6. The duration between initial consultation and closing.

The correct answer is: The interval between the agreement start and holdover termination.

The "listing period" in a seller representation agreement refers to the interval between the agreement start and holdover termination. This is the time frame during which the seller and the real estate agent have agreed to work together exclusively to market and sell the property. Option B is incorrect because it does not cover the entire span of the listing period; it only refers to a part of it, from listing to sale completion. Option C is incorrect as it only focuses on the number of days the property remains unsold, rather than the full listing period. Option D references the period before the initial listing expires, which is not the same as the listing period itself. Option E mentions the total days of active marketing efforts, which is related to but not the same as the listing period. Option F mentions the duration between the initial consultation and closing, which is not specifically about the listing period as defined in this context.