Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Course 2 Exam with our comprehensive practice tests. Study with flashcards, multiple choice questions, and detailed explanations to ensure you are ready for exam day!

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Who is the principal in a seller agency relationship?

The buyer client of the co-operating brokerage.
The salesperson employed by the co-operating brokerage.
The salesperson who lists the seller's property.
The seller represented by a brokerage.

The correct answer is: The seller represented by a brokerage.

In a seller agency relationship, the principal is the seller represented by a brokerage. The seller is the main party in the real estate transaction who has hired a brokerage to represent their interests. The brokerage and the real estate agent representing the seller have a fiduciary duty to act in the best interests of the seller. Therefore, the correct answer is D. Option A is incorrect because the buyer client of the cooperating brokerage is not the principal in a seller agency relationship. Option B is incorrect as the salesperson employed by the cooperating brokerage is not the principal in this scenario. Option C is incorrect because while the listing salesperson plays a crucial role in the seller agency relationship, they are not the principal.