Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our comprehensive quiz. Dive into engaging practice questions that will enhance your understanding and readiness for the test. Elevate your confidence and get ready to ace your exam!

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Does Buyer Zhao owe remuneration to the brokerage under their agreement if they purchase a FSBO property within the holdover period?

Yes, because the property fits the type and location described
No, because the property is a townhouse, not a high-rise
Yes, as any property bought in the area requires remuneration
No, unless the brokerage showed the FSBO during the agreement period

The correct answer is: No, unless the brokerage showed the FSBO during the agreement period

Buyer Zhao would not owe remuneration to the brokerage under the agreement unless the brokerage was directly involved in showing the FSBO property during the agreement period. In real estate transactions, remuneration is typically owed to the brokerage that showed a property to the buyer if that property is eventually purchased. In this case, since the FSBO property was not shown to Buyer Zhao by the brokerage during the agreement period, they would not be obligated to pay remuneration to the brokerage. Options A, B, and C are incorrect because they do not take into consideration the specific circumstances of Buyer Zhao purchasing a FSBO property within the holdover period.