Humber/Ontario Real Estate Course 4 Exam Practice

Brokers and salespersons should ensure that:

1. Terms and conditions of offers are reviewed with buyer clients after signing but before presenting.

2. Buyers know pre-closing visits are not allowed after an offer is accepted.

3. Buyer clients understand the importance of property inspection and professional advice.

4. Buyers must hire various professionals to prepare condition reports.

5. Offers are always above the list price to ensure acceptance.

6. Buyers refrain from asking questions after an offer is accepted.

The correct answer is: Buyer clients understand the importance of property inspection and professional advice.

The correct answer highlights the significant responsibility brokers and salespersons have in ensuring that buyer clients fully grasp the importance of property inspections and the value of seeking professional advice. Property inspections are crucial because they help buyers identify potential issues with the property before finalizing the purchase. This understanding can greatly influence a buyer's decision and protect their investment. Encouraging buyers to seek professional advice also reinforces their ability to make informed decisions about their purchase, which is a primary duty of real estate professionals. Other options may lack the necessary emphasis on client education and empowerment. For instance, while it is important to review the terms and conditions of offers, doing so only after signing does not actively engage buyers in the process. Similarly, stating that buyers must refrain from asking questions or suggesting they must hire various professionals doesn't align with fostering a proactive and informed client relationship. Encouraging buyers to have pre-closing visits or suggesting that offers must always exceed the list price does not prioritize their education and might lead to misunderstandings in the buying process.