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 providing a copy of the listing agreement to the seller, what is required by the REBBA Code of Ethics?

Obtain one signed copy for the brokerage, provide the seller an electronic copy within 24 hours
If two sellers sign, each must receive a copy as soon as it is signed
Each seller must receive a copy as soon as possible, but no later than when listed
One signed copy must be delivered back to the brokerage, seller can request copies anytime

The correct answer is: If two sellers sign, each must receive a copy as soon as it is signed

In this scenario, the correct answer is B because according to the REBBA Code of Ethics, if there are two sellers listed on the agreement and each of them has signed it, both of them must receive a copy of the listing agreement as soon as it is signed. This ensures transparency and disclosure to all parties involved in the transaction. Option A is incorrect because it mentions providing an electronic copy to the seller within 24 hours, which is not a specific requirement stated by the REBBA Code of Ethics. Option C is incorrect because it states that each seller must receive a copy as soon as possible, but the REBBA Code of Ethics specifies that each seller should receive a copy as soon as it is signed. Option D is incorrect because it mentions that the seller can request copies anytime, which is not a requirement specified by the REBBA Code of Ethics regarding the delivery of the listing agreement copies to the sellers.