Humber/Ontario Real Estate Course 2 Exam Practice

Which document is signed by the seller but not necessarily by the brokerage in a listing agreement?

1. A counteroffer document

2. A listing amendment form

3. A notice of fulfillment

4. A power of attorney

5. A seller representation agreement

6. A waiver of conditions

The correct answer is: A seller representation agreement

In a listing agreement, the document that is signed by the seller but not necessarily by the brokerage is the seller representation agreement. This agreement outlines the terms and conditions under which the brokerage will represent the seller in the sale of the property. The seller is the main party involved in this agreement, as they are the one granting the brokerage the authority to act on their behalf in the real estate transaction. On the other hand: A. A counteroffer document is typically signed by both the seller and the buyer. B. A listing amendment form may require signatures from both the seller and the brokerage, depending on the changes being made. C. A notice of fulfillment is related to the closing of a deal and may not necessarily involve the brokerage in terms of signing. D. A power of attorney is a legal document giving someone else the authority to act on the behalf of the seller, but it is not specific to listing agreements. F. A waiver of conditions also usually requires signatures from both parties involved in the transaction.