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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Which of the following is a correct statement regarding remuneration under REBBA?

A registrant requires a written representation agreement signed by the seller for remuneration.
Persons registered under REBBA can take legal action regarding the payment of remuneration.
Remuneration is due and payable if a brokerage knowingly lists a property with an unexpired agreement with another brokerage.
A listing brokerage can pay a cooperating brokerage's salesperson with client's written consent.
Brokerages must always confirm payment agreement in writing.
Registrants cannot take legal action if the payment is contested.

The correct answer is: Persons registered under REBBA can take legal action regarding the payment of remuneration.

The correct statement regarding remuneration under REBBA is that persons registered under REBBA can take legal action regarding the payment of remuneration. This means that if there is a dispute over the payment of remuneration between parties involved in a real estate transaction, a registered individual can seek legal recourse to ensure they receive the agreed-upon compensation for their services. Regarding the other options: A. A registrant requiring a written representation agreement signed by the seller for remuneration is not a specific requirement under REBBA. C. The statement that remuneration is due and payable if a brokerage knowingly lists a property with an unexpired agreement with another brokerage is not a correct representation of the rules regarding remuneration under REBBA. D. While a listing brokerage can pay a cooperating brokerage's salesperson with a client's written consent, this is not a defining rule related to remuneration under REBBA. E. Although it is good practice for brokerages to confirm payment agreements in writing, it is not a mandatory requirement for all cases under REBBA. F. The statement that registrants cannot take legal action if the payment is contested is not accurate, as the correct statement is that they can take legal action.