Humber/Ontario Real Estate Course 3 Exam Practice

A seller agrees to sign an exclusive listing that offers only selected services. How is this type of listing best described?

1. A full service listing.

2. An a la carte listing.

3. A collateral listing.

4. An open listing.

5. A restricted service listing.

6. A selective listing.

The correct answer is: An a la carte listing.

The correct answer is best described as an a la carte listing. This term is derived from the dining concept where customers can choose individual items from a menu, allowing for a more tailored approach to services. In the context of real estate, an a la carte listing allows the seller to select specific services they want from their agent, rather than paying for a comprehensive service package that includes all available options. This type of listing caters to sellers who may seek flexibility and only require certain services such as advertising or showings, rather than full representation throughout the entire process. While terms like "restricted service listing" and "selective listing" might imply limited services, they each carry distinct connotations and may not fully encapsulate the idea of customization that an a la carte listing presents. The other choices lean towards broader or different definitions of real estate service agreements, making them less precise in describing the exclusivity and selectivity of the services provided in this scenario.