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.

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If a property is listed in a strong seller's market, how should the salesperson proceed with marketing?

  1. Limit marketing to a single known buyer

  2. Focus on getting the full listing price through an individual buyer

  3. Promote the property aggressively to the entire market

  4. Delay marketing until the chosen buyer has viewed the property

  5. Negotiate exclusively with the interested buyer

  6. Wait for multiple offers before marketing

The correct answer is: Promote the property aggressively to the entire market

In a strong seller's market, where there is high demand for properties and low inventory, the best approach for a salesperson is to promote the property aggressively to the entire market. This is because in such market conditions, there is a high chance that there will be multiple interested buyers competing for the property. By promoting the property to the entire market, the salesperson can generate more interest and potentially create a competitive bidding situation, which could result in a higher sale price for the seller. Options A, B, D, E, and F are incorrect because they all involve limiting the scope of marketing or focusing on individual buyers, which may not be the most effective strategy in a strong seller's market.

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