ON Residential Transactions Exam Practice Questions - Ontario Residential Real Estate Transactions Exam (Humber Course 2) Exam

A Seller Representation Agreement contains a holdover clause of 90 days. What does this clause generally provide?

The listing automatically renews for 90 more days Commission may be payable if, within 90 days after expiry, the property sells to a buyer introduced during the listing period The seller must keep the home off the market for 90 days after closing The deposit is held for 90 days before release

Correct Answer:

Commission may be payable if, within 90 days after expiry, the property sells to a buyer introduced during the listing period

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