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.

In a situation where multiple offers are expected, what can the seller do regarding pre-emptive offers?

The seller must ignore all pre-emptive offers by default.
The seller should review pre-emptive offers only after consulting a lawyer.
The seller decides handling of pre-emptive offers based on agent's guidance.
The seller needs a special waiver to consider pre-emptive offers.
All pre-emptive offers must be rejected according to the Code of Ethics.
No pre-emptive offers are allowed in such cases.

The correct answer is: The seller decides handling of pre-emptive offers based on agent's guidance.

In a situation where multiple offers are expected, the seller can decide on the handling of pre-emptive offers based on the guidance of their real estate agent. Real estate agents are well-versed in the local market conditions and regulations and can provide valuable advice to the seller on how to navigate multiple offers effectively. Options A, D, E, and F are incorrect because they do not accurately reflect the seller's options when it comes to pre-emptive offers. The seller is not required to ignore all pre-emptive offers, obtain a special waiver, automatically reject all pre-emptive offers according to the Code of Ethics, or disallow pre-emptive offers entirely. Instead, the seller can rely on their agent's guidance to make an informed decision on how to handle pre-emptive offers in a multiple-offer situation.