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!

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What should a listing salesperson do if a co-operating brokerage requests an appointment to show the property on the same day an offer has been made?

Discourage multiple viewings as there’s an existing offer
Schedule the appointment for the next day
Transparency with co-operating brokerage isn’t necessary
Encourage the viewing hoping to start a bidding war
Inform the caller there’s already an offer
Refuse additional showings entirely

The correct answer is: Encourage the viewing hoping to start a bidding war

When a co-operating brokerage requests an appointment to show a property on the same day an offer has been made, it is important for the listing salesperson to encourage the viewing in order to potentially start a bidding war. By allowing the co-operating brokerage to show the property to their client despite the existing offer, it creates a competitive environment that may lead to a higher selling price for the property. This approach benefits the seller by maximizing the potential sale price of the property. Options A, B, C, E, and F are incorrect because they do not prioritize the opportunity to potentially start a bidding war, which could benefit the seller. It is essential for the listing salesperson to be proactive in generating competition among buyers to secure the best possible outcome for their client.