Humber/Ontario Real Estate Course 3 Exam Practice

How does a mere posting differ from a for sale by owner (FSBO) situation?

1. A brokerage placing a mere posting on the local listing service has no obligations regarding that listing.

2. A mere posting must receive at least four services from a brokerage.

3. The FSBO is not receiving any services from a brokerage.

4. The FSBO will appear on realtor.ca.

5. The FSBO requires the assistance of a licensed realtor to sell the property.

6. A mere posting can be done without the seller’s explicit consent.

The correct answer is: The FSBO is not receiving any services from a brokerage.

The distinction between a mere posting and a for sale by owner (FSBO) situation is primarily rooted in the services rendered by a brokerage. In a FSBO scenario, property owners choose to sell their property independently, meaning they do not engage a brokerage or its associated services to assist with the sale. This inherently implies that the seller handles all aspects of the transaction, including marketing and negotiating, without any assistance from real estate professionals. The correct understanding captures the essence of FSBO: the owner is not receiving any brokerage services, which fundamentally differentiates it from other types of listings, including mere postings. A mere posting typically involves listing a property on a Multiple Listing Service (MLS) by a brokerage, albeit with limited engagement or service obligations compared to a full brokerage agreement. Thus, recognizing that FSBO sellers operate entirely independent of brokerages aligns accurately with the question's focus on how mere postings differ from FSBO situations.