Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following is typically included as a preprinted provision in a listing agreement?

1. Assumption that the co-operating brokerage is representing the buyer's interests unless disclosed otherwise.

2. Provision that listing other properties similar to the seller's requires the seller's permission.

3. An acknowledgment that the co-operating brokerage is representing the seller's interests.

4. Acknowledgment that the seller will be informed about agency relationships after the listing agreement is signed.

5. The requirement for the seller to provide a home inspection report.

6. The necessity for an independent appraisal before listing the property.

The correct answer is: Assumption that the co-operating brokerage is representing the buyer's interests unless disclosed otherwise.

In a listing agreement, it is typically included as a preprinted provision that the assumption is made that the co-operating brokerage is representing the buyer's interests unless disclosed otherwise. This provision serves to clarify the default relationship between the co-operating brokerage and the buyer unless there is a specific disclosure indicating otherwise. Option B is incorrect because the provision that listing other properties similar to the seller's requires the seller's permission is not typically preprinted in a listing agreement. Option C is incorrect because an acknowledgment that the co-operating brokerage is representing the seller's interests is not typically a preprinted provision in a listing agreement. Option D is incorrect because an acknowledgment that the seller will be informed about agency relationships after the listing agreement is signed is not a standard preprinted provision in a listing agreement. Option E is incorrect because the requirement for the seller to provide a home inspection report is not typically included as a preprinted provision in a listing agreement. Option F is incorrect because the necessity for an independent appraisal before listing the property is also not typically included as a preprinted provision in a listing agreement. Therefore, the correct answer is option A because it best reflects the standard inclusion of assumptions regarding the co-operating brokerage and buyer's interests in a listing agreement.