Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam. Utilize flashcards and multiple choice questions with hints and explanations. Get exam-ready!

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Which scenario correctly describes the handling of a referral payment between salespersons at different brokerages?

  1. A cheque is issued directly to the salesperson

  2. Referral payment is covered in the same transaction

  3. Direct issue to the salesperson avoids inter-brokerage disputes

  4. Referral payment goes to the company's headquarters

  5. A brokerage issues the cheque to the referring salesperson’s employing brokerage

  6. Referral processing is done by the board

The correct answer is: A brokerage issues the cheque to the referring salesperson’s employing brokerage

In the scenario where a referral payment is being handled between salespersons at different brokerages, the correct course of action is for a brokerage to issue the cheque to the referring salesperson's employing brokerage. This practice ensures transparency and proper documentation of the referral payment, avoiding any potential inter-brokerage disputes or confusion. Options A, B, C, and D do not accurately describe the typical handling of referral payments between salespersons at different brokerages. Option F is also incorrect, as referral processing is typically not done by the board but rather handled directly between the brokerages involved.