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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What occurs when a brokerage lists a property on the local listing service but provides no other services?

An exclusive listing agreement.
A mere posting.
A public auction.
An owners-only listing plan.
A premium service setup.
A zoned marketing strategy.

The correct answer is: An exclusive listing agreement.

When a brokerage lists a property on the local listing service but provides no other services, it is referred to as a mere posting. In a mere posting situation, the brokerage simply posts the listing on the MLS system without taking on any additional responsibilities typically associated with a traditional listing agreement. This means that the brokerage is not actively involved in any other aspect of the sale process beyond posting the listing on the MLS. The other options are not accurate in this context: - An exclusive listing agreement involves the brokerage exclusively representing the seller and providing a range of services beyond just listing the property on the MLS. - A public auction involves the sale of a property to the highest bidder in a public setting, which is different from a mere posting on an MLS. - An owners-only listing plan and a premium service setup are not standard terms used in real estate to describe this type of limited service listing. - A zoned marketing strategy does not specifically relate to the scenario described in the question.