Humber/Ontario Real Estate Course 2 Exam Practice

Implementing an open house registration system to collect names and contact information from prospective buyers is:

1. A regulatory requirement found in REBBA.

2. Recommended so that brokers or salespersons can then freely call the prospective buyers after the open house.

3. Mandatory because privacy legislation requires that such a system be put in place.

4. Recommended because it provides a record of those who attended the open house from a security perspective and can be used for follow-up if privacy legislation is complied with.

5. Not necessary and can be disregarded.

6. Only important for luxury properties.

The correct answer is: Recommended because it provides a record of those who attended the open house from a security perspective and can be used for follow-up if privacy legislation is complied with.

Implementing an open house registration system to collect names and contact information from prospective buyers is recommended because it provides a record of those who attended the open house from a security perspective and can be used for follow-up if privacy legislation is complied with. By having a registration system in place, not only can the real estate professional keep track of who visited the property, but they can also follow up with these individuals for potential leads or feedback. It's essential to emphasize that the system should comply with privacy legislation to protect the personal information collected. This practice is not mandatory by law but is highly recommended for effective marketing and security purposes in the real estate industry.