Humber/Ontario Real Estate Course 2 Exam Practice

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Which statement distinguishes a mere posting from a For Sale By Owner (FSBO)?

  1. The FSBO receives no services from a brokerage.

  2. The FSBO appears on realtor.ca.

  3. A brokerage posting on the local listing service has no obligations for the listing.

  4. A mere posting requires services from a brokerage.

  5. A mere posting must be completed by a licensed real estate agent.

  6. A mere posting cannot include any commission details.

The correct answer is: The FSBO receives no services from a brokerage.

Correct! The statement that distinguishes a mere posting from a For Sale By Owner (FSBO) is that the FSBO receives no services from a brokerage. In a FSBO scenario, the homeowner is personally handling the sale of their property without the involvement of a real estate brokerage. On the other hand, in a mere posting situation, the seller utilizes the services of a brokerage solely to have their property listed on a real estate board's Multiple Listing Service (MLS) system, but the brokerage does not provide any additional services typically associated with a traditional listing. This distinction is crucial in understanding the roles and responsibilities of both parties in the transaction.

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