Humber/Ontario Real Estate Course 3 Exam Practice

What is a mere posting in real estate terminology?

1. Occurs when a brokerage lists a property on the local listing service but provides no other services.

2. Is the same as a 'For Sale by Owner.'

3. Is a full service listing.

4. Is an open listing.

5. Refers to a property listed without pricing information.

6. Involves extensive marketing and promotional services.

The correct answer is: Occurs when a brokerage lists a property on the local listing service but provides no other services.

A mere posting in real estate terminology refers specifically to the scenario where a brokerage lists a property on a local listing service but does not provide any additional services typically associated with a full-service listing. This arrangement allows sellers to have their property visible in listings while retaining control over the sale process, often leading to lower costs for the seller compared to a full-service arrangement. This definition clarifies that while the property is advertised, the brokerage's role is minimal, focusing only on listing the property without engaging in marketing, showings, negotiations, or other services that a full-service listing would normally entail. The other options do not accurately describe a mere posting. For instance, the concept of a 'For Sale by Owner' suggests that the property owner independently manages the sale without any brokerage involvement, which is distinct from simply having a property listed with limited brokerage service. A full service listing, conversely, involves comprehensive assistance from the brokerage, including marketing and negotiation. An open listing allows multiple brokers to list the property, which is again different from mere posting. Lastly, entering a listing without pricing information is a different characteristic and does not capture the essence of a mere posting, nor does it imply a lack of service in the same way a mere posting does.