Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following is correct regarding the placement of a "For Sale" sign on a property?

1. It is determined by local zoning bylaws.

2. The agreement of purchase and sale must explicitly state the terms for the placement of the sign.

3. The property owner must inform the neighbours before putting up the sign.

4. The broker should always obtain written permission from the property owner before placing any for sale sign.

The correct answer is: The broker should always obtain written permission from the property owner before placing any for sale sign.

In real estate practice, it is essential for the broker to always obtain written permission from the property owner before placing any "For Sale" sign on the property. This permission ensures that the property owner is aware and consents to the marketing and sale of their property. It also helps to avoid any potential misunderstandings or disputes regarding the placement of the sign. Obtaining written permission is a standard procedure to ensure the broker is acting in accordance with the property owner's wishes and adhering to ethical and legal guidelines in the industry. Regarding the other options: A. Local zoning bylaws may regulate the placement of signs for certain properties, but this is not specifically related to the placement of a "For Sale" sign. B. While the agreement of purchase and sale may include terms related to the marketing of the property, it typically does not explicitly address the placement of a "For Sale" sign. C. While informing neighbours may be a courtesy in some cases, it is not a legal requirement regarding the placement of a "For Sale" sign.