Humber/Ontario Real Estate Course 3 Exam Practice

Which consent is required for a sold card stating the property sold for 97% of the listing price and includes the property address?

1. The sold card requires only the seller's written consent.

2. The sold card does not require any consent as it is public information.

3. The sold card requires both the seller's and the buyer's written consent.

4. The sold card requires only the buyer's written consent.

5. The sold card requires the brokerage approval but no other consents.

6. Only verbal consent from the seller and buyer is sufficient.

The correct answer is: The sold card requires only the buyer's written consent.

The correct choice highlights that the sold card requires only the buyer's written consent. This aligns with the privacy considerations in real estate transactions, where buyer consent may be necessary, particularly when specifics about the sale and property are disclosed. Often, the terms of the listing agreement and local regulations dictate the necessary consents. In various jurisdictions, privacy laws require the consent of individuals whose information may be publicly disclosed, which might include the buyer in this case. Additionally, while the seller's consent may be required in many contexts, the key element here is that the sale details can directly affect the buyer's privacy. Therefore, securing the buyer's written consent focuses on protecting their interests and confidentiality, especially if the details shared could lead back to their personal circumstances or choices. This context makes other options less favorable, as they place unnecessary or incorrect emphasis on the seller’s consent, brokerage approval, or even verbal consents, which do not align with standard practices in real estate disclosures.