Humber/Ontario Real Estate Course 1 Exam Practice

How can a salesperson transfer listing details from an expired listing ethically?

1. By ensuring it's done with seller's prior consent

2. By using an internal brokerage tool for expired listings

3. By verifying the accuracy of previously collected data

4. By revising details as per recent property evaluations

5. By contacting the previous buyer agent for information

6. By transcribing with seller's consent without breaching ethics

The correct answer is: By ensuring it's done with seller's prior consent

The correct answer is A. By ensuring it's done with the seller's prior consent. This is the most ethical way for a salesperson to transfer listing details from an expired listing. It is crucial to always have the seller's permission before doing so to respect their confidentiality and ensure transparency in the process. Options B, C, D, and E are not the best choices in this scenario. Using an internal brokerage tool for expired listings (B) might not guarantee ethical transfer without the seller's consent. Verifying the accuracy of previously collected data (C) and revising details as per recent property evaluations (D) do not address the permission aspect from the seller before transferring information. Contacting the previous buyer agent for information (E) may not involve the seller in the decision-making process, which is essential for maintaining ethical standards in real estate transactions. Option F mentions transcribing with the seller's consent, which aligns with the correct answer A, but it is more specific and not as comprehensive as option A, which speaks to ensuring the transfer is done with the seller's prior consent.