Humber/Ontario Real Estate Course 2 Exam Practice

Which of the following is NOT correct regarding an open house?

1. An open house provides the opportunity to meet prospects, including potentially the right buyer.

2. An open house shows the seller that the salesperson is diligently marketing the property to attract buyers.

3. An open house can only be hosted by the listing salesperson for the property.

4. An open house gives you the chance to meet the neighbours who might know a potential buyer.

5. An open house can be a useful tool to gauge immediate feedback from potential buyers.

6. An open house is an ideal way to generate interest early in the listing process.

The correct answer is: An open house can only be hosted by the listing salesperson for the property.

Option C, "An open house can only be hosted by the listing salesperson for the property," is not correct. In real estate, open houses can be hosted by anyone with the permission of the homeowner or listing salesperson. It is common for a listing salesperson to host open houses, but it is not a strict requirement. Other real estate agents, team members, or even the homeowner themselves can host an open house with appropriate permission. The other options are all correct regarding an open house: - Option A highlights that an open house provides the opportunity to meet prospects, potentially including the right buyer. - Option B emphasizes that an open house demonstrates to the seller that the salesperson is actively marketing the property to attract buyers. - Option D points out that an open house gives the opportunity to meet neighbors who might have connections to potential buyers. - Option E mentions that an open house can offer immediate feedback from potential buyers. - Option F states that an open house is an effective way to generate interest early in the listing process.