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 listing a unique property, what should be prominently displayed on the first page of the listing agreement?

The forecast of real estate trends.
The property area and zoning details.
The expiry date with seller’s initials.
Local economic conditions.
Background checks of potential buyers.
The commission percentages for salespersons.

The correct answer is: The expiry date with seller’s initials.

When listing a unique property, having the expiry date with the seller's initials prominently displayed on the first page of the listing agreement is crucial. This helps in clearly indicating the duration for which the agreement is valid and ensures that both parties are aware of the timeline involved in the listing process. It also serves as a form of protection for both the seller and the real estate agent by establishing a clear end date for the agreement. The other options are not typically required to be prominently displayed on the first page of the listing agreement. While some of them may be important considerations in the real estate transaction process, they do not serve the same immediate purpose as clearly stating the expiry date with the seller's initials.