Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the exam.

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What kind of remuneration can a brokerage choose for selling a property?

Flat fee and/or a percentage
Flat fee only
Flat fee, limited to $10,000
Percentage only
Percentage and a flat fee combined
Any method other than flat fee

The correct answer is: Flat fee and/or a percentage

A brokerage can choose a flat fee and/or a percentage as a form of remuneration for selling a property. This option provides flexibility as it allows the brokerage to select the most suitable compensation structure based on the specific circumstances of the transaction. The combination of a flat fee and a percentage caters to different types of properties and client needs, ensuring that the brokerage can adapt its remuneration model according to the situation at hand.