Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of these scenarios involves a seller refusing to pay a commission despite a signed agreement?

A referral leading to a successful purchase
A buyer signing a BRA without the agent's knowledge
A signed agreement specifying a commission structure
The buyer never signing a representation agreement
Failed negotiation on an offer
An agent preparing an offer but no signed representation agreement

The correct answer is: A signed agreement specifying a commission structure

In this scenario, the correct answer is C because it describes a situation where a seller refuses to pay a commission despite having a signed agreement that specifies a commission structure. This type of agreement legally binds the seller to compensate the agent for their services upon the successful completion of a real estate transaction. If the seller were to disregard this agreement and refuse to pay the commission as outlined, it would be a clear case of breaching the contract and failing to uphold their end of the agreement. It is crucial for both parties to adhere to the terms laid out in the signed agreement to ensure a fair and lawful real estate transaction process. The other options describe different scenarios within the real estate transaction process but do not directly involve a seller refusing to pay a commission despite a signed agreement: A. This scenario involves a referral leading to a successful purchase, which is separate from commission payment issues. B. This scenario involves a buyer signing a Buyer Representation Agreement (BRA) without the agent's knowledge, but it does not relate to a seller's refusal to pay a commission. D. This scenario describes the buyer never signing a representation agreement, which does not involve a seller refusing to pay a commission. E. This scenario involves failed negotiation on an offer, which is not related to a seller refusing to pay a commission. F. This scenario involves an agent preparing an offer without a signed representation agreement, but it does not pertain to a seller refusing to pay a commission as per the signed agreement.