Humber/Ontario Real Estate Course 2 Exam Practice

When advertising a sold property listed by another brokerage, what must a salesperson do first?

1. Reach out to the listing broker for permission.

2. Obtain written consent from the buyer involved in the transaction.

3. Seek explicit consent from the listing brokerage.

4. Advertise freely once the sale agreement is signed.

5. Verify from head office about the advertisement’s compliance.

6. Get a verbal nod from the seller before proceeding.

The correct answer is: Seek explicit consent from the listing brokerage.

When advertising a sold property listed by another brokerage, the first step a salesperson must take is to seek explicit consent from the listing brokerage. This is crucial to ensure that the advertising complies with the regulations and ethics governing real estate transactions. Obtaining permission from the listing brokerage shows respect for their rights as the listing agent and helps in maintaining a good professional relationship between brokerages. It also helps in avoiding any potential legal issues related to advertising a property without authorization. Options A, B, D, E, and F are not the correct answers because the first priority should be to seek explicit consent from the listing brokerage before proceeding with any advertising activities.