Humber/Ontario Real Estate Course 4 Exam Practice

What should be done if a seller wants to temporarily suspend the marketing of their home?

1. Cancel the listing agreement and sign a new one post-vacation

2. Contact the local real estate board for suspension approval

3. Sign a suspension of listing agreement to halt marketing

4. Listing suspensions are only for one month or greater

5. Continue marketing the home despite the seller's wishes

6. Convert the listing to a private sale temporarily

The correct answer is: Sign a suspension of listing agreement to halt marketing

If a seller wants to temporarily suspend the marketing of their home, the correct course of action is to sign a suspension of the listing agreement to halt the marketing. This option allows the seller to take their home off the market for a specific period while keeping the listing agreement intact for when they are ready to resume marketing. It is a practical solution that benefits both the seller and the real estate agent. Option A is incorrect as canceling the listing agreement and signing a new one post-vacation may not be necessary and could cause complications. Option B is incorrect because contacting the local real estate board for suspension approval is not usually required in this situation. Option D is incorrect because listing suspensions can be for any agreed-upon period, not only for one month or greater. Option E is incorrect because it goes against the seller's wishes to temporarily suspend the marketing of their home. Option F is incorrect as converting the listing to a private sale temporarily may not be the best approach when the seller simply wants to suspend marketing temporarily.