Humber Real Estate - Course 2, Module 2, exam 2024 with 100% correct answers
The effective date and expiry date of the agreement (can only be one expiry date) - The method for calculating commission or other remuneration payable to the brokerage (in the case of a seller, the amount payable) - How the commission or other remuneration will be paid - The services that the brokerage will provide under the agreement - correct answer What 4 things must be specified on both representation and customer service agreements? The expiry date - correct answer If the term of a representation or customer service agreement is more than 6 months, what must be prominently displayed on the first page, and requires an initial by the seller/buyer? No. Each seller must receive their own individual copy of the signed listing agreement. - correct answer If two sellers sign one representation agreement, is it acceptable to present them with one copy of the signed document, if they sign in person at the same time? - A salesperson has conveyed a written offer that is accepted by the seller - A salesperson shows a property to the buyer, who subsequently purchases the property - The salesperson introduces the seller and the buyer, for the purpose of discussing the acquisition or disposition of an interest in real estate - correct answer Under REBBA, when might specific conditions allow remuneration to be paid without a written agreement? - The brokerage is representing both the seller and the buyer in the same transaction (i.e. both the seller and the buye
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humber real estate course 2 module 2 exam 2024