Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our comprehensive quiz. Dive into engaging practice questions that will enhance your understanding and readiness for the test. Elevate your confidence and get ready to ace your exam!

Practice this question and more.

In a situation where multiple offers are received, what must the agent ensure?

Negotiate with each buyer to increase offers before presentation.
Disclose the existence of other offers to each buyer.
Offer a fair presentation schedule to all clients.
Seek seller’s direction before action on competing offers.

The correct answer is: Offer a fair presentation schedule to all clients.

In a situation where multiple offers are received, the agent must ensure a fair presentation schedule to all clients. This is crucial to maintain transparency and fairness in the negotiation process. By offering a fair presentation schedule to all clients, the agent can avoid any allegations of favoritism or unfair treatment towards one buyer over another. It helps in creating a level playing field for all potential buyers, giving each of them an equal opportunity to present their offer. Fairness in presenting multiple offers is a fundamental aspect of good real estate practice, ensuring that all parties involved have an equitable chance to compete for the property.