Humber/Ontario Real Estate Course 2 Exam Practice

What best describes an 'a la carte' listing?

1. One in which fees are charged based on flat rates for individual services performed by the brokerage.

2. Best described as a commission-based listing.

3. Best described as a traditional full service listing.

4. Is not permitted under REBBA regulations.

5. One which includes all services for one flat fee.

6. One where no fees are charged unless the property sells.

The correct answer is: One in which fees are charged based on flat rates for individual services performed by the brokerage.

A la carte listing refers to a type of real estate listing where fees are charged based on flat rates for individual services performed by the brokerage. This means that sellers can choose which services they need and pay for only those services rather than paying a comprehensive commission fee. This allows for more flexibility and cost-effectiveness for the seller. Option B is incorrect as a la carte listing is not necessarily commission-based. Option C is incorrect as a la carte listing is not a traditional full service listing. Option D is incorrect as a la carte listings are permitted under REBBA regulations. Option E is incorrect since a la carte listing does not include all services for one flat fee. Option F is also incorrect as a la carte listing does not necessarily mean no fees are charged unless the property sells.