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.

What should a buyer in a hot market do to increase their chances of securing a property?

Advise the buyer that they should submit an offer with no conditions, despite only having the minimum downpayment needed to obtain financing.
Submit an offer with a large deposit, minimal conditions, and align the closing date with the seller's desired time for completion.
Submit an offer that allows room for negotiation.
Tell the buyer that, if they have the greatest motivation to buy, they also are in the best negotiating position when prices are rising.

The correct answer is: Submit an offer with a large deposit, minimal conditions, and align the closing date with the seller's desired time for completion.

In a hot real estate market where competition is high, it is essential for a buyer to be strategic in their approach to secure a property successfully. Option B is the correct choice because it highlights key tactics that can increase the buyer's chances of securing the property. By submitting an offer with a large deposit, the buyer demonstrates their commitment and seriousness to the seller, which can make the offer more appealing. Including minimal conditions in the offer also makes it more attractive to the seller, as it reduces the chances of complications or delays in the transaction process. Additionally, aligning the closing date with the seller's preferences shows flexibility and can make the offer more favorable in the seller's eyes. Overall, these strategies outlined in option B can help a buyer stand out in a competitive market and increase their chances of successfully securing a property.