Humber/Ontario Real Estate Course 4 Exam Practice

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If a seller agent is aware of multiple offers on a property, they must:

  1. Inform their clients about the highest offer only

  2. Distribute the details of all offers to each buyer

  3. Hide this information to maintain client interest

  4. Notify all interested parties of the competition

  5. Seek consent from their brokerage

  6. Provide additional incentives to buyers

The correct answer is: Notify all interested parties of the competition

Sellers agents are required to notify all interested parties of the competition when they are aware of multiple offers on a property. This is to ensure transparency and fairness in the negotiation process. Option A and C are incorrect because informing only the highest offer or hiding this information goes against the principle of fair competition. Option B is also incorrect because it does not specify notifying all interested parties. Option E and F are unrelated to the situation at hand and do not address the requirement for the seller's agent.

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