Humber/Ontario Real Estate Course 4 Exam Practice

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During an offer presentation, what options does the seller have?

Only accept or counter the buyer’s offer.
Request additional deposit after accepting the offer.
Cannot counter anything other than the price.
Reject, accept, or counter the offer.

The correct answer is: Reject, accept, or counter the offer.

During an offer presentation, the seller has the flexibility to respond to the buyer's offer in several ways, which includes rejecting the offer, accepting it, or making a counteroffer. Each of these options allows the seller to navigate the negotiation process effectively according to their interests and the specifics of the offer presented. When a seller accepts an offer, they are agreeing to the terms put forth by the buyer as is. Conversely, if the seller finds certain terms unacceptable but sees potential in the offer, they can counter, which means proposing different terms to the buyer, which may involve changes to the price, closing date, or other conditions. Finally, if the seller deems the offer unsuitable, they can simply reject it. This multifaceted approach helps the seller assess and respond to various aspects of the offer, making option D the most accurate representation of a seller's capabilities during the offer presentation process.