Humber/Ontario Real Estate Course 2 Exam Practice

When must a salesperson put a listing agreement in writing and present it to the seller?

1. Before any exterior or interior photos of the property are taken

2. Before completing the listing data sheet

3. Before determining the listing price

4. Before obtaining the seller's signature on any marketing material

5. Before the seller receives an offer

6. Immediately after visual inspection of the property

The correct answer is: Before the seller receives an offer

In Ontario, a salesperson must put a listing agreement in writing and present it to the seller before the seller receives an offer. This is to ensure that the terms of the agreement, including commission, responsibilities, and duration, are clearly outlined and agreed upon before any potential buyers are brought into the picture. By doing so, both the salesperson and the seller have a mutual understanding of their obligations and the selling process, helping to avoid any misunderstandings or disputes down the line. Options A, B, C, and D are incorrect because there is no specific requirement in Ontario real estate regulations that determines these as the specific trigger points for presenting a written listing agreement to the seller. Option F is also incorrect because waiting until after the visual inspection of the property does not meet the regulatory standard for submitting the written agreement.