Humber/Ontario Real Estate Course 4 Exam Practice

How should Salesperson Edwards address transferring listings when moving brokerages?

1. Have all three sellers sign new agreements post-registration transfer.

2. Handle the listing transfer internally between brokerages.

3. Discuss with the sellers and proceed based on their decisions.

4. Directly assign listings to the new brokerage as the listing agent.

5. Let the sales contracts naturally expire before transferring.

6. Seek legal counsel for transferring valid listings.

The correct answer is: Discuss with the sellers and proceed based on their decisions.

When Salesperson Edwards is transferring listings while moving to a new brokerage, discussing with the sellers and proceeding based on their decisions is the most appropriate course of action. This approach emphasizes the importance of communication and maintaining the seller's interests throughout the process. By engaging the sellers in this discussion, Edwards demonstrates professionalism and respect for their rights and preferences. It allows the sellers to understand their options—whether they want to remain with the current brokerage, work with Edwards at the new brokerage, or take some other action. This respects the contractual agreements in place and allows the sellers to make an informed decision based on their needs and concerns. This option supports the idea that the sellers have a legitimate stake in the transfers of their listings and reinforces trust between Edwards and the clients. Moreover, it minimizes the risk of disputes or misunderstandings that could arise from unilateral decisions made without the sellers' involvement. Other options may not prioritize seller input or could lead to complications regarding existing agreements, potentially impacting the relationship and trust built between Edwards and the sellers. Therefore, the best path is to ensure open lines of communication and respect for the sellers' autonomy in deciding how to move forward.