Humber/Ontario Real Estate Course 1 Exam Practice

Which of these is NOT a required procedure for a salesperson listing a property according to the Code of Ethics?

1. Receiving notice of condition removals promptly.

2. Writing the listing agreement at the earliest convenience.

3. Signing the listing agreement before giving it to the seller.

4. Providing a copy of the signed agreement immediately to the seller.

5. Discussing the contents of the agreement in detail.

6. Conducting a market analysis for the listing price.

The correct answer is: Receiving notice of condition removals promptly.

The emphasis of the Code of Ethics for salespersons is on professionalism and transparency in the listing process. Among the choices, signing the listing agreement before giving it to the seller is critical as it ensures that both parties have a clear understanding and acceptance of the terms laid out. Similarly, providing a copy of the signed agreement immediately to the seller reinforces communication and confirms that they have the necessary documentation for their records. Discussing the contents of the agreement in detail is also essential, as it allows the salespersons to clarify any questions and ensure that the seller fully understands the obligations and benefits outlined in the agreement. Writing the listing agreement at the earliest convenience is important to expedite the process and not delay any marketing efforts. Conducting a market analysis for the listing price is a key step for establishing an appropriate asking price, ensuring that the property is competitive in the market. While receiving notice of condition removals is important for the progression of a deal, it is not a required procedure specifically related to the act of listing the property itself. It pertains more to the process after a property is listed and offers begin to come in, making it the choice that doesn't align with the essential listing procedures outlined in the Code of Ethics.