Humber/Ontario Real Estate Course 4 Exam Practice

What is meant by a "mere posting" in real estate?

1. Occurs when a brokerage lists a property on the local listing service but offers no additional services.

2. Represents a full service listing.

3. Is equivalent to a "For Sale by Owner".

4. Is known as an open listing.

5. Happens when a property is listed for rent rather than for sale.

6. Involves the brokerage managing all aspects of the sale.

The correct answer is: Occurs when a brokerage lists a property on the local listing service but offers no additional services.

A "mere posting" in real estate refers to a situation where a brokerage lists a property on a local listing service with minimal involvement or services provided. Typically, this means that while the property is advertised to the market, the brokerage does not offer the comprehensive support that might include marketing strategies, open houses, negotiation assistance, or any follow-up services. The focus is primarily on getting the property's name and details out to potential buyers without the additional services that come with a full-service listing. Understanding this concept is crucial for real estate professionals, as it highlights the varying levels of service that brokerages can provide. A mere posting allows sellers to have their property visible to potential buyers while possibly retaining more control over the sale process, but it may not yield the maximum value or facilitate a smooth transaction without the additional support from a full-service brokerage.