Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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A seller looking to list their premium property thinks an open house is the best marketing technique. What is the broker/salesperson's best course of action?

Agree to an open house immediately as it's the best marketing approach.
Agree but recommend the seller hires security for the open house duration.
Suggest the seller should monitor valuables and take over if the salesperson gets busy.
Advise the seller to consider viewings by appointment due to valuable items in the house.
Arrange an open house but ensure an open house assistant is present.
Have the seller sign a liability waiver for the duration of the open house.

The correct answer is: Advise the seller to consider viewings by appointment due to valuable items in the house.

In this scenario, the best course of action for the broker/salesperson is to advise the seller to consider viewings by appointment due to valuable items in the house. This is the correct answer because for a premium property with valuables, having viewings by appointment allows for better control over who is entering the property. It helps in ensuring the security of the items in the house and reduces the risk of theft or damage. Option A is incorrect as immediately agreeing to an open house without considering the security implications for a premium property with valuable items is not the best approach. Option B is not the best course of action as recommending the seller hire security for the entire duration of an open house may not always be the most cost-effective or practical solution. Option C is not the best approach as suggesting the seller monitor valuables themselves during the open house can be distracting for the seller and may not provide adequate security. Option E, although it suggests having an open house assistant present, does not address the security concerns related to valuable items in the property adequately. Option F, having the seller sign a liability waiver, does not directly address the security issues related to valuable items in the house.