Humber/Ontario Real Estate Course 2 Exam Practice

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What is the reason for termination of a buyer or seller agreement if a brokerage's registration is revoked?

  1. Expiry

  2. Mutual consent

  3. Illegality

  4. Impracticality

  5. Misconduct

  6. Impossibility

The correct answer is: Expiry

If a brokerage's registration is revoked, the reason for termination of a buyer or seller agreement would be expiration. When a brokerage's registration is revoked, they are no longer legally able to operate as a brokerage, which would render any existing agreements with buyers or sellers terminated due to the expiration of the brokerage's ability to act on the agreements. Other options such as mutual consent, illegality, impracticality, misconduct, and impossibility do not directly relate to the termination of the agreement in this context.

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