Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the exam.

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.

In a situation where multiple offers are expected, what can the seller do regarding pre-emptive offers?

The seller must ignore all pre-emptive offers by default.
The seller should review pre-emptive offers only after consulting a lawyer.
The seller decides handling of pre-emptive offers based on agent's guidance.
The seller needs a special waiver to consider pre-emptive offers.
All pre-emptive offers must be rejected according to the Code of Ethics.
No pre-emptive offers are allowed in such cases.

The correct answer is: The seller decides handling of pre-emptive offers based on agent's guidance.

In a situation where multiple offers are expected, the seller can decide on the handling of pre-emptive offers based on the guidance of their real estate agent. Real estate agents are well-versed in the local market conditions and regulations and can provide valuable advice to the seller on how to navigate multiple offers effectively. Options A, D, E, and F are incorrect because they do not accurately reflect the seller's options when it comes to pre-emptive offers. The seller is not required to ignore all pre-emptive offers, obtain a special waiver, automatically reject all pre-emptive offers according to the Code of Ethics, or disallow pre-emptive offers entirely. Instead, the seller can rely on their agent's guidance to make an informed decision on how to handle pre-emptive offers in a multiple-offer situation.