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 type of listing agreement allows a seller to engage multiple agents without exclusivity?

Co-Exclusive Listing
Exclusive Listing
Multi-Brokerage Listing
Non-Exclusive Listing
Open Listing
Restricted Listing

The correct answer is: Open Listing

An open listing allows a seller to engage multiple agents without exclusivity. This means that the seller can list their property with different agents or brokers and whoever brings a qualified buyer first will earn the commission. Co-exclusive and exclusive listings both involve exclusivity, while multi-brokerage and restricted listings may limit the number of agents representing the seller. Non-exclusive listings may also involve restricted access to certain buyers or brokers. Therefore, an open listing is the only type of agreement that allows a seller to engage multiple agents without exclusivity.