Humber/Ontario Real Estate Course 2 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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.

Which of the following questions is appropriate to ask a potential buyer to understand their key requirements?

Asking about having pre-approval for a mortgage is not allowed due to privacy laws.
Inquiring if the buyer is represented by another brokerage may be seen as interference.
Lifestyle questions are mostly irrelevant in the buying process.
Determining if there are 'must-haves' like proximity to public transit is important.
Questions about previous buying experiences must always be avoided.
Inquiring only about financial documents without lifestyle factors is ideal.

The correct answer is: Determining if there are 'must-haves' like proximity to public transit is important.

Determining if there are 'must-haves' like proximity to public transit is important because it helps the real estate agent understand the specific needs and preferences of the potential buyer. This question is essential in tailoring the search process to find properties that meet the buyer's key requirements. Understanding what features or amenities are non-negotiable for the buyer, such as proximity to public transit in this case, allows the agent to focus on properties that align with the buyer's preferences, making the home buying process more efficient and successful. Options A, B, C, E, and F are incorrect: A. Asking about pre-approval for a mortgage is a common and important question in real estate transactions to ensure that the buyer is financially capable of purchasing a property. It is not prohibited by privacy laws. B. Inquiring if the buyer is represented by another brokerage is not interference but rather a standard practice to avoid conflicts of interest and ensure transparency in the real estate transaction. C. Lifestyle questions are relevant in the buying process as they help the agent understand the buyer's lifestyle needs and preferences, which can impact the choice of a suitable property. E. Asking about previous buying experiences can provide insight into the buyer's expectations and past interactions in the real estate market, helping the agent tailor their approach accordingly. F. Inquiring about financial documents alone without considering lifestyle factors may result in missing out on crucial information that could influence the property selection process.