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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Which form can be used to transfer a seller representation agreement to another brokerage?

  1. A transfer form

  2. An assignment form

  3. A cancellation form

  4. A suspension form

  5. A modification form

  6. A reassignment form

The correct answer is: An assignment form

An assignment form is the correct answer because it is the document used to transfer a seller representation agreement from one brokerage to another. This form allows for the contractual rights and obligations under the agreement to be assigned from the original brokerage to the new brokerage. The other options are incorrect: A. A transfer form is not typically used in real estate transactions to transfer seller representation agreements. C. A cancellation form would be used to terminate or cancel the seller representation agreement, not transfer it to another brokerage. D. A suspension form would be used to temporarily halt or suspend the agreement, not transfer it to a different brokerage. E. A modification form would be used to make changes to the existing seller representation agreement, not transfer it to another brokerage. F. A reassignment form is not a common real estate document used to transfer seller representation agreements.