Humber/Ontario Real Estate Course 2 Exam Practice

When a buyer expresses confidence in an offer, how should the salesperson representing the seller respond?

1. By representing exclusively the buyer's interests in negotiations.

2. Disclosing their relationship with the seller upon initial contact with the buyer.

3. Immediately inform the buyer about the obligation to the seller client.

4. Advising that they will negotiate the best possible price for the buyer.

5. By not informing the buyer of any conflicts to keep negotiations favorable.

6. Proposing random negotiation tactics.

The correct answer is: Disclosing their relationship with the seller upon initial contact with the buyer.

When a buyer expresses confidence in an offer, the salesperson representing the seller should disclose their relationship with the seller upon initial contact with the buyer (option B). This is important to establish transparency and provide the necessary information for the buyer to make an informed decision. By disclosing the relationship, the buyer is aware of the salesperson's position and can navigate negotiations accordingly. The other options are not correct because: - Option A is incorrect because a salesperson representing the seller must prioritize the seller's interests in negotiations. - Option C is incorrect because informing the buyer about the obligation to the seller client shouldn't be immediate and could potentially harm negotiations. - Option D is incorrect because the salesperson should be focused on getting the best price for the seller, not the buyer. - Option E is incorrect because not informing the buyer of any conflicts is unethical and goes against transparency in real estate transactions. - Option F is incorrect as proposing random negotiation tactics without proper disclosure or considering the client's interests is not professional behavior.