Humber/Ontario Real Estate Course 3 Exam Practice

What is a key difference between a mere posting and a for sale by owner (FSBO) listing?

1. The FSBO receives promotional support from a brokerage.

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

3. The FSBO does not receive any services from a brokerage.

4. The FSBO will appear on realtor.ca.

5. A mere posting does not appear on multiple listing services.

6. A FSBO listing requires a real estate license.

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

A fundamental distinction between a mere posting and a for sale by owner (FSBO) listing lies in the level of brokerage services provided. A FSBO listing is characterized by the owner selling the property independently without enlisting the support of a brokerage. This means that the owner manages the selling process, including marketing, showings, and negotiations, without the involvement of a real estate agent. In contrast, a mere posting is often a basic listing that may involve some level of participation from a brokerage, albeit minimal. This lack of brokerage involvement in a FSBO scenario signifies that the property is marketed without professional brokerage services, which can significantly affect how the listing is perceived and marketed in the real estate market. Other options consider various aspects of the relationship between the seller and the brokerage, either incorrectly assigning levels of service to mere postings or misrepresenting the overall role of a FSBO in the market, thus reinforcing why the distinction correctly emphasizes the absence of brokerage support in FSBO transactions.