Humber/Ontario Real Estate Course 1 Exam Practice

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Which is NOT correct when listing a property?

  1. The salesperson would use a listing agreement, but not a seller representation agreement

  2. That salesperson is commonly referred to as the listing salesperson

  3. A diligent salesperson will develop a marketing plan for the listed property

  4. A marketing plan for the listed property typically includes what advertising/promotions are planned to sell the property

  5. The salesperson should ensure the listing price is competitive

  6. The property must be inspected by a certified property inspector

The correct answer is: The salesperson would use a listing agreement, but not a seller representation agreement

In real estate, both a listing agreement and a seller representation agreement are commonly used when listing a property. The listing agreement outlines the terms and conditions for how the property will be marketed and sold, while the seller representation agreement establishes the relationship between the seller and the brokerage. Therefore, it is incorrect to state that the salesperson would use a listing agreement but not a seller representation agreement when listing a property. The correct approach involves utilizing both agreements to properly represent the seller and market the property effectively.

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