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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When a seller revokes their given authority to a brokerage suddenly, this exemplifies:

Termination by nullification.
Termination by mutual consent.
Termination by constructive cancellation.
Termination by renunciation.
Termination by frustration.
Termination by performance.

The correct answer is: Termination by mutual consent.

When a seller revokes their given authority to a brokerage suddenly, it exemplifies "Termination by mutual consent" (Option B). In this situation, both the seller and the brokerage agree to terminate their relationship, leading to the mutual consent to end the agreement. This termination is not due to nullification, constructive cancellation, renunciation, frustration, or performance, but rather the result of both parties agreeing to end the business arrangement.