Humber/Ontario Real Estate Course 2 Exam Practice

Question: 1 / 1300

Which scenario correctly describes the handling of a referral payment between salespersons at different brokerages?

A cheque is issued directly to the salesperson

Referral payment is covered in the same transaction

Direct issue to the salesperson avoids inter-brokerage disputes

Referral payment goes to the company's headquarters

A brokerage issues the cheque to the referring salesperson’s employing brokerage

In the scenario where a referral payment is being handled between salespersons at different brokerages, the correct course of action is for a brokerage to issue the cheque to the referring salesperson's employing brokerage. This practice ensures transparency and proper documentation of the referral payment, avoiding any potential inter-brokerage disputes or confusion.

Options A, B, C, and D do not accurately describe the typical handling of referral payments between salespersons at different brokerages. Option F is also incorrect, as referral processing is typically not done by the board but rather handled directly between the brokerages involved.

Get further explanation with Examzify DeepDiveBeta

Referral processing is done by the board

Next Question

Report this question

Download Humber/Ontario Real Estate Course 2 Exam Practice PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy