Humber/Ontario Real Estate Course 1 Exam Practice

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What remuneration options are valid under a buyer representation agreement per REBBA?

The 3% fee can partly be direct and partly to the brokerage.
Both a fixed fee and a sale percentage can be included.
A fixed fee or percentage is allowed, but not both together.
Only a sale percentage is permitted, no fixed fees.

The correct answer is: Both a fixed fee and a sale percentage can be included.

A buyer representation agreement per REBBA allows for both a fixed fee and a sale percentage to be included as valid remuneration options. Option A is incorrect because it states that the 3% fee can only be partially direct and partially to the brokerage, when in fact, it can be either a fixed fee or a percentage of the sale, or a combination of both. Option C is incorrect because it states that only a fixed fee or a percentage can be included, when in fact, both can be included. Option D is incorrect because it states that only a sale percentage is permitted, when in fact, a fixed fee can also be included.