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!

Practice this question and more.

How can an open house provide benefit to a listing beyond showing the property to potential buyers?

Attract multiple offers on the property
Gauge market interest and gather feedback
Identify qualified buyers immediately
Increase property value through higher visibility
Provide an opportunity for direct negotiations with buyers
Secure additional listings from attendees

The correct answer is: Gauge market interest and gather feedback

An open house can provide benefits beyond just showcasing the property to potential buyers. One significant advantage is that it allows the listing agent to gauge market interest and gather feedback. By interacting with attendees and observing their reactions, the agent can gain valuable insights into the market's perception of the property. This feedback can help the agent make informed decisions on pricing, marketing strategies, and potential improvements to make the property more appealing to prospective buyers. Overall, hosting an open house serves as a valuable tool for market research and gathering feedback, making option B the correct answer.