Humber/Ontario Real Estate Course 4 Exam Practice

Is Seller Cooper liable to pay ABC Realty if property was sold post-relisting?

1. Owed 2.5% for co-operating during listing period

2. Holdover provisions void with other brokerage relist

3. No remuneration due due to higher rate with other brokerage

4. Owed 5% as holdover applies during listing introduction

5. Entitled to negotiated rate with new brokerage

6. Owed post-holdover period introduction

The correct answer is: No remuneration due due to higher rate with other brokerage

In this scenario, the correct answer is C. According to the information provided, Seller Cooper is not liable to pay ABC Realty because there was a higher rate negotiated with another brokerage after the relisting. This means that ABC Realty is not entitled to remuneration as the terms with the new brokerage supersede any previous agreements. As a result, no payment is due to ABC Realty in this situation. Options A, B, D, E, and F are incorrect because they do not consider the crucial factor of a higher rate being negotiated with another brokerage after the relisting. It is important to understand the hierarchy of agreements in real estate transactions and how new terms can impact the obligations of the parties involved.