Humber/Ontario Real Estate Course 4 Exam Practice

In what scenario can a salesperson advertise a listed property using “Must Sell” without the seller’s consent?

1. When the property is listed below market value.

2. After confirming with another salesperson in the brokerage.

3. Only after obtaining the seller’s written approval.

4. When the seller verbally agrees during a phone call.

5. Upon receiving the broker’s verbal approval alone.

6. If previous owners had a “Must Sell” clause.

The correct answer is: Only after obtaining the seller’s written approval.

The correct approach to using the term “Must Sell” in advertising a listed property hinges on the necessity of obtaining the seller's consent. This ensures that any advertising accurately reflects the seller's intentions and conditions of the sale. Specifically, without the seller's written approval, a salesperson risks misrepresenting the property and potentially breaching their fiduciary duty by misleading potential buyers about the urgency of the sale. In real estate practices, seller consent is crucial to uphold ethical standards and maintain trust in the realtor-client relationship. Explicit written approval creates a clear, documented agreement that protects both the seller’s interests and the credibility of the salesperson. The other options imply different scenarios where consent may be assumed or informal, such as verbal agreements or actions taken based on assumptions regarding market value or responses from other salespersons. However, these do not hold the same weight as documented consent, which is critical in proper real estate practice. This reinforces the importance of adhering to established protocols and maintaining professional standards in advertising strategies.