Humber/Ontario Real Estate Course 4 Exam Practice

A seller of a luxury home wants an open house for marketing. What should the broker/salesperson recommend as the best approach?

1. Agree to an open house but suggest the seller is present to watch over valuables.

2. Agree to an open house and advise the seller to hire security.

3. Agree to an open house without any conditions immediately.

4. Suggest that viewings be by appointment only and take special precautions if an open house is necessary.

5. Agree to the seller's request and also add more marketing techniques.

6. Recommend a virtual tour instead of a physical open house.

The correct answer is: Suggest that viewings be by appointment only and take special precautions if an open house is necessary.

Recommending that viewings be by appointment only while taking special precautions if an open house is deemed necessary is a prudent approach to ensure security and privacy for the seller in the case of a luxury home. Luxury properties often have high-value items and personal belongings that the seller may prefer to keep secure. By suggesting scheduled appointments for viewings, the broker/salesperson can control the flow of visitors, ensure proper vetting of potential buyers, and provide a more personalized experience, which is often appreciated in high-end markets. This recommendation also allows the broker to take necessary precautions, such as conducting background checks on prospective buyers, and ensuring that the seller's valuable possessions are safeguarded during the showing. While open houses can attract a larger audience, they can also expose the property and its contents to higher risks, which is particularly concerning for luxury homes. Other options may involve security or seller presence, but a structured appointment system allows for a more professional and controlled showing that prioritizes the seller's concerns and the integrity of the property.