Humber/Ontario Real Estate Course 3 Exam Practice

Which document outlines the brokerage services offered to residential sellers?

1. Residential listing agreement.

2. Standard residential marketing plan.

3. Marketing proposal.

4. Pre-listing presentation.

The correct answer is: Pre-listing presentation.

The document that outlines the brokerage services offered to residential sellers is the residential listing agreement. This agreement serves as a formal contract between the seller and the brokerage, detailing the services that the brokerage will provide, including marketing the property, handling negotiations, and guiding the seller through the selling process. It typically includes critical information such as the listing price, duration of the agreement, and specific responsibilities of both the seller and the broker. While the pre-listing presentation highlights the brokerage’s capabilities and marketing strategies, it does not serve as a binding agreement that outlines the services in detail. It is primarily a tool used to persuade the seller to sign the listing agreement. The other options, like the standard residential marketing plan and the marketing proposal, may provide insights into how the property will be promoted but do not explicitly define the contractual relationship or service offerings between the seller and the brokerage.