Humber/Ontario Real Estate Course 3 Exam Practice

Which statement about open houses is NOT correct?

1. Listing salespersons must conduct open houses.

2. Open house signs are sometimes exempt from municipal sign bylaws.

3. Open houses can lead to new client relationships through neighborhood engagement.

4. They are appreciated by sellers for showing effort to sell the home.

The correct answer is: Listing salespersons must conduct open houses.

Listing salespersons are not obligated to conduct open houses. Open houses are typically considered a marketing tool and showcasing opportunity for the seller's property, but it is not a mandatory duty for the listing salesperson. Other team members, such as buyer agents or assistants, can also conduct open houses on behalf of the listing salesperson. Option B, C, and D are incorrect: - Option B is correct because it states that open house signs are sometimes exempt from municipal sign bylaws. This exemption allows for greater visibility and promotion of the property being showcased during the open house. - Option C is correct as open houses provide an excellent opportunity for the listing salesperson to engage with potential buyers and neighbors, potentially leading to new client relationships and referrals. - Option D is correct as open houses demonstrate effort on the part of the salesperson to showcase the property to a broader audience and potentially attract more interested buyers. Sellers often appreciate this effort in marketing their property.