Humber/Ontario Real Estate Course 2 Exam Practice

When a listing contract expires without a sale, what must a salesperson do?

1. Continue to market the property until directed otherwise.

2. Immediately cease all marketing activities and mark the listing as expired.

3. Automatically renew the contract for a new term.

4. Continue marketing until the client has another brokerage listing the property.

The correct answer is: Immediately cease all marketing activities and mark the listing as expired.

When a listing contract expires without a sale, the correct action for a salesperson to take is to immediately cease all marketing activities and mark the listing as expired. This is important because the listing contract has reached its end date, and the salesperson should not continue to market the property without a valid contract in place. By marking the listing as expired, it ensures transparency and clarity for both the client and the salesperson. Continuing to market the property without a current listing agreement would be unethical and potentially illegal. Options A, C, and D are incorrect: Option A: Continuing to market the property without a valid listing agreement is not the right course of action once the listing contract has expired. Option C: Automatically renewing the contract for a new term without the client's consent would not be appropriate. Option D: Continuing marketing until the client has another brokerage listing the property does not align with the responsibilities of a salesperson when a listing contract expires.