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 type of listing involves a seller working too with multiple agents but only paying commission to the agent who sells the property?

Open listing.
Exclusive agency listing.
Net listing.
Mere posting.
Closed listing agreement.
Public auction.

The correct answer is: Open listing.

An open listing involves a seller working with multiple agents but only paying commission to the agent who sells the property. This type of listing is typically used by sellers who want to cast a wide net and increase the chances of selling their property quickly. A private listing is incorrect because this involves the seller only working with one specific agent or broker. A net listing is incorrect because in this type of listing, the seller sets a minimum desired profit and allows the agent to keep any additional profit above that amount. A mere posting is incorrect because this involves the seller simply listing their property on a real estate website without the assistance of an agent. A closed listing agreement is incorrect because in a closed listing, the seller signs an exclusive agreement with one agent who will market and sell the property. A public auction is incorrect because this involves selling the property to the highest bidder, rather than working with multiple agents.