Humber/Ontario Real Estate Course 2 Exam Practice

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What is required to distribute a sold card that includes the property address and selling price?

  1. The sold card does not require the seller's consent.

  2. The sold card requires the seller's written consent, but not the buyer's.

  3. The sold card is not permitted as terms of an agreement are confidential and cannot be disclosed by a registrant.

  4. The sold card requires both the seller's and the buyer's written consent.

  5. The card needs approval from the local real estate board.

  6. The card requires consent from the brokerage only.

The correct answer is: The sold card requires both the seller's and the buyer's written consent.

D. The sold card requires both the seller's and the buyer's written consent. This is because the distribution of a sold card is considered confidential information, as it contains the property address and selling price. Therefore, both the seller and the buyer must give their written consent in order for the card to be distributed. Options A, B, C, E, and F are incorrect because they do not mention the requirement for consent from both parties. Option A is incorrect because, even though the seller may not be required to provide their consent, the buyer's consent is still necessary. Option B is incorrect because both the seller and the buyer's consent are required. Option C is incorrect because the information on a sold card can be disclosed with consent from all parties involved. Option E is incorrect because approval from the local real estate board is not necessary for the distribution of a sold card. Option F is incorrect because consent from the brokerage alone is not enough for the card to be distributed.

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