Humber/Ontario Real Estate Course 3 Exam Practice

An 'a la carte' listing is best described as:

1. A commission-based listing.

2. A full service listing.

3. A listing where fees are charged based on flat rates for individual services provided by the brokerage.

4. A listing structure not allowed under REBBA.

5. A percentage of the sale price must be charged by brokerages.

6. A discount listing package.

The correct answer is: A commission-based listing.

The concept of an 'a la carte' listing is best characterized by the notion that clients can select specific services they wish to utilize, with fees being charged for each individual service. This flexibility allows sellers to customize their listing experience based on their needs, as opposed to being bundled into a full-service package. In contrast, a commission-based listing implies that the total fee is typically a percentage of the sale price, which does not align with the principles of an 'a la carte' arrangement. Moreover, a full service listing would include a comprehensive package of services for a single commission fee, again contrasting with the flexibility offered by an 'a la carte' approach. The other options, such as stating that this listing structure is either not allowed under REBBA or requires a percentage of the sale price, also do not reflect the essence of 'a la carte' listings. Therefore, the best definition aligns with charging for services based on flat rates, making that understanding essential for navigating the diverse listing options available in real estate.