What must be registered for brokerage compensation after a deal?

Prepare for the Humber College Real Estate Course 1 Exam. Study with flashcards and multiple choice questions, each with hints and explanations. Enhance your exam readiness!

The correct answer, a remuneration agreement, is essential for brokerage compensation post-deal because it explicitly outlines the terms under which a brokerage receives payment for its services in a transaction. This agreement details the compensation structure and ensures that all parties involved in the transaction are aware of the financial obligations related to brokerage fees.

In real estate, understanding the remuneration agreement is key to clarity and legality, as it governs how and when the brokerage is compensated. This aligns with the regulatory requirements in many jurisdictions, ensuring both transparency and compliance in real estate transactions.

While a listing agreement, the agreement of purchase and sale, and a representation agreement are critical documents in the real estate process, they serve different purposes. The listing agreement pertains to the relationship between a seller and a brokerage regarding the sale of a property, the agreement of purchase and sale outlines the terms of the actual transaction between buyer and seller, and the representation agreement defines the agency relationship between the broker and the client, detailing the broker's duties. None of these directly focuses on the specifics of compensation following the completion of a deal, which is why the remuneration agreement is the right choice for this context.

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