Humber/Ontario Real Estate Course 2 Exam Practice

What typically includes property specifics that can be used to promote the property in a seller representation agreement?

1. An authority established between a brokerage and a customer.

2. A legal authority given by the brokerage to a client.

3. A mutual agreement between two brokerages.

4. An exclusive agreement.

5. Details used by the brokerage for property promotion.

6. The seller's personal property details.

The correct answer is: Details used by the brokerage for property promotion.

In a seller representation agreement, which is a contract between a seller and a real estate brokerage, property specifics that can be used to promote the property are typically included. These details are crucial for the brokerage to effectively market and sell the property. Therefore, choice E, "Details used by the brokerage for property promotion," is the correct answer as it directly relates to the information necessary for advertising and showcasing the property to potential buyers. The other options are not directly related to the specifics included in a seller representation agreement. Option A talks about the authority between a brokerage and a customer, which is a different concept. Option B refers to a legal authority given by the brokerage to a client, which is not the main focus of the agreement. Option C mentions a mutual agreement between two brokerages, which is again not connected to the seller representation agreement. Option D speaks about an exclusive agreement, which is a common feature in seller representation agreements but does not specifically address property specifics for promotion. Option F mentions the seller's personal property details, which may be part of the agreement but does not encompass all the necessary information for property promotion.