Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

When a brokerage has a seller sign a seller customer service agreement, what does the seller agree to?

Agrees that a deposit held by the brokerage can go towards remuneration due.
Acknowledges they will get a true copy of the agreement within two business days.
Allows the brokerage to put up a sold sign automatically when the property is sold.
Indicates that the spouse's signature is never required.
Accepts the listing rate as non-negotiable.
Understands that they must offer multiple open houses.

The correct answer is: Agrees that a deposit held by the brokerage can go towards remuneration due.

When a brokerage has a seller sign a seller customer service agreement, the seller is agreeing that a deposit held by the brokerage can go towards any remuneration due to the brokerage. This is an important aspect of the agreement as it establishes the terms regarding the handling of funds in relation to the services provided by the brokerage for the sale of the property. Among the other options provided: - Option B, which mentions the seller receiving a true copy of the agreement within two business days, is not the main purpose of a seller customer service agreement. - Option C, regarding the brokerage putting up a sold sign automatically when the property is sold, is not typically a condition included in a seller customer service agreement. - Option D, stating that the spouse's signature is never required, is not a universal rule and could vary based on the circumstances and specific agreements. - Option E, about accepting the listing rate as non-negotiable, is not directly related to the deposit or remuneration terms included in the agreement. - Option F, requiring multiple open houses, is not a standard component of a seller customer service agreement and is not tied to the handling of deposits or remuneration. Therefore, the correct answer is option A as it outlines a key agreement made by the seller regarding the deposit held by the brokerage for potential remuneration.