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.

The 'best-offer-first' strategy is most commonly associated with what type of market?

A buyer's market.
A balanced market.
A seller's market.
An oversupplied market.
An underpriced market.
All markets, as it is a good strategy in every scenario.

The correct answer is: A balanced market.

The 'best-offer-first' strategy is most commonly associated with a balanced market. In a balanced market, there is an equilibrium between buyers and sellers, and neither party holds a significant advantage. This strategy allows sellers to review all offers received and select the most favorable one without necessarily being pressured to accept the first offer that comes in. In a buyer's market, sellers may not have the luxury of choosing from multiple offers, while in a seller's market, there may be so much demand that sellers can afford to be more selective. The terms "oversupplied market" and "underpriced market" do not specifically relate to the 'best-offer-first' strategy.