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 seller expects multiple offers and instructs the salesperson to delay offer presentations, which of the following is true?

The salesperson cannot delay offers as it violates ethical standards.
Buyers cannot submit offers before the specified date.
The salesperson must present any received offers immediately regardless of instruction.
The seller can manage pre-emptive offers based on guidance from the listing salesperson.
The seller’s instructions must be analyzed by legal counsel first.
The realtor must follow a strict 48-hour rule for presenting offers.

The correct answer is: The seller can manage pre-emptive offers based on guidance from the listing salesperson.

In this scenario, the correct answer is D because it highlights the importance of the seller having the ability to manage pre-emptive offers based on guidance from the listing salesperson. When a seller is expecting multiple offers and decides to delay offer presentations, they should have the right to assess and consider any pre-emptive offers that may come in before the specified date. It is crucial for the seller to be able to make informed decisions about these offers and work closely with the listing salesperson to navigate the situation effectively. Options A, B, C, E, and F are not the correct choices because they do not accurately reflect the seller's rights and the role of the salesperson in this specific scenario. Option A incorrectly suggests that delaying offers violates ethical standards, which is not the case when the seller wants to manage multiple offers. Option B restricts buyers from submitting offers before the specified date, which may not align with the seller's strategy. Option C states that the salesperson must present any received offers immediately, which may not be in the best interest of the seller in this situation. Option E suggests consulting legal counsel before following the seller's instructions, which may not be necessary for standard offer management. Option F references a strict 48-hour rule for presenting offers, which may not apply in a situation where the seller wants to delay offer presentations to manage multiple offers effectively.