Ontario Real Estate Licensing Exam Practice · Question
Maria is a new salesperson working for XYZ Brokerage in Ottawa. Her aunt, Elena, asks Maria to help her sell her condominium unit. Elena offers Maria a cash bonus of $5,000 directly, in addition to the commission agreed upon with XYZ Brokerage, if she sells the unit quickly. How should Maria respond to this offer?
Under TRESA, 2002 and its regulations, all remuneration payable to a salesperson must be paid to the brokerage and subsequently disbursed by the brokerage to th
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Question: Maria is a new salesperson working for XYZ Brokerage in Ottawa. Her aunt, Elena, asks Maria to help her sell her condominium unit. Elena offers Maria a cash bonus of $5,000 directly, in addition to the commission agreed upon with XYZ Brokerage, if she sells the unit quickly. How should Maria respond to this offer?
Answer options: ✅ Maria must decline the direct cash bonus as all remuneration must be paid to and through her brokerage, as per the Trust in Real Estate Services Act, 2002 (TRESA).
- Maria can accept the bonus but must disclose it to her brokerage after the sale closes.
- Maria can accept the bonus if she discloses it to Elena and has it documented in writing.
- Maria should inform her brokerage and request that the bonus be added to the commission paid to the brokerage, with the understanding that she will receive it later.
Correct answer: Maria must decline the direct cash bonus as all remuneration must be paid to and through her brokerage, as per the Trust in Real Estate Services Act, 2002 (TRESA).
Explanation: Under TRESA, 2002 and its regulations, all remuneration payable to a salesperson must be paid to the brokerage and subsequently disbursed by the brokerage to the salesperson. Salespersons cannot accept direct payment from clients.
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