Ontario Real Estate Licensing Exam Practice · Question
When a brokerage lists a property on a Multiple Listing Service (MLS), what is the primary benefit for the seller?
Listing a property on MLS provides the widest possible exposure, allowing numerous real estate professionals and the general public to view the property details
Start free practice for Ontario Real Estate Licensing Exam Practice
363 questions · no signup required · 40 free questions per day
Question: When a brokerage lists a property on a Multiple Listing Service (MLS), what is the primary benefit for the seller?
Answer options:
- Guaranteed sale of the property above the asking price.
- Exclusive access to specific buyers without competition. ✅ Broad exposure of the property to a large network of real estate professionals and the public.
- Reduced need for property staging or home inspections.
Correct answer: Broad exposure of the property to a large network of real estate professionals and the public.
Explanation: Listing a property on MLS provides the widest possible exposure, allowing numerous real estate professionals and the general public to view the property details, which can lead to more potential buyers and a faster sale.
Start free practice for Ontario Real Estate Licensing Exam Practice
363 questions · no signup required · 40 free questions per day
More about Ontario Real Estate Licensing Exam Practice
Related Questions
- A buyer is considering a mortgage product that allows them to prepay a portion of their principal at any time
- A commercial property in Toronto is sold for $2,000,000. The vendor is an HST registrant. What is the buyer's
- What is the primary purpose of registering a deed under the Registry Act in Ontario?
- What is the primary role of a 'title search' in a residential real estate transaction in Ontario?
- A seller accepts a conditional offer. Before the conditions are fulfilled, the seller receives a firm, higher
- Which of the following is a common encumbrance that would be registered on title and affect a property owner's
More for Ontario Real Estate Licensing Exam Practice candidates
Study guides
Question explanations
- A buyer is considering a mortgage product that allows them to prepay a portion of their principal at any time
- A commercial property in Toronto is sold for $2,000,000. The vendor is an HST registrant. What is the buyer's
- What is the primary purpose of registering a deed under the Registry Act in Ontario?
- What is the primary role of a 'title search' in a residential real estate transaction in Ontario?
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Ontario Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.