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.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What obligation does the listing brokerage fail to meet if it markets a property despite the absentee seller's specific instruction not to?

The agent is not obligated to follow the seller's instructions.
The brokerage has an obligation to continue marketing the property despite the seller's instruction.
The brokerage has failed to meet one of the essential elements of an agency relationship.
The brokerage is obligated to follow the client's reasonable instructions if agreed to in advance.

The correct answer is: The brokerage has failed to meet one of the essential elements of an agency relationship.

By marketing the property against the seller's specific instructions, the listing brokerage is failing to meet their obligation to act in the best interest of their client. This is an essential element of the agency relationship between the brokerage and the seller. Allowing the marketing of the property against the seller's wishes can cause harm or damage to the seller and goes against the fiduciary duty of the brokerage to act in the seller's best interest. The other options are incorrect because they either do not address the question or go against the standard obligations of a listing brokerage.