Humber/Ontario Real Estate Course 4 Exam Practice

How should brokers and salespersons handle pre-closing visits for buyers?

1. Inform buyers that no pre-closing visits are allowed.

2. Allow multiple pre-closing visits without restriction.

3. Ensure schedule for pre-closing visits is clearly stated in the agreement.

4. Permits unlimited visits after the offer acceptance.

5. Permit pre-closing visits only for listing agents.

6. Strictly limit visits to only one per month.

The correct answer is: Ensure schedule for pre-closing visits is clearly stated in the agreement.

The best approach for brokers and salespersons regarding pre-closing visits for buyers is to ensure that the schedule for these visits is clearly stated in the agreement. By specifying the number of visits allowed and the conditions under which they can occur within the purchase agreement, both the buyer and seller have a mutual understanding of expectations. This clarity helps prevent misunderstandings and ensures that the buyer has the opportunity to inspect the property, address any concerns, and verify that the property is in the agreed-upon condition before closing. Establishing a structured framework for pre-closing visits protects all parties involved and reinforces professionalism within the transaction. It is essential for brokers and salespersons to facilitate smooth communication, ensuring that the needs of the buyer are met while also respecting the seller's rights and privacy prior to the transfer of ownership. This approach encourages a positive experience for everyone involved, fostering trust and satisfaction in the real estate transaction process.