Humber/Ontario Real Estate Course 4 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Humber/Ontario Real Estate Course 4 Exam. Study with tailored quizzes and flashcards. Get insights into exam format and tips to succeed.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Who pays the agent for services if an agency relationship is established with the seller?

Both the buyer and seller share the payment equally.
The seller takes responsibility for lawful acts done by the agent and pays for services.
The agent pays upfront and gets reimbursed post-sale.
The broker of record pays the agent and collects from the seller later.

The correct answer is: The seller takes responsibility for lawful acts done by the agent and pays for services.

In a real estate transaction where an agency relationship is established with the seller, the seller is responsible for paying for the services provided by the agent. This is a common practice in real estate, where the seller agrees to pay the commission to their own agent, as well as any commission that may be due to the buyer's agent as per the listing agreement. This arrangement ensures that the seller covers the costs associated with the services rendered by the agent on their behalf. It is important to understand the roles and responsibilities of each party involved in a real estate transaction to avoid any confusion regarding payment obligations.