Humber/Ontario Real Estate Course 4 Exam Practice

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What can Seller Wilson do if she expects multiple offers and delays offer presentations?

The salesperson cannot comply as it violates REBBA Code of Ethics.
Buyers cannot submit pre-emptive offers.
The salesperson must present pre-emptive offers as soon as possible.
The seller can decide on handling pre-emptive offers based on salesperson input.
Reject any offers received before the specified date.
Insist on cash-only offers during the delay period.

The correct answer is: The seller can decide on handling pre-emptive offers based on salesperson input.

The correct answer indicates that the seller has the ultimate authority in deciding how to handle pre-emptive offers, while also considering the input of the salesperson. This aligns with the principle that sellers maintain control over their property and the sale process. When a seller expects multiple offers, they may feel inclined to delay the presentation to maximize the potential for higher offers. During this period, the seller can accept or reject pre-emptive offers based on market conditions, the advice given by the salesperson, and their own strategy for the sale. This collaborative approach ensures that the seller makes informed decisions while actively participating in the process. In contrast, the other options suggest restrictions or obligations that do not accurately reflect the flexibility available to the seller in this scenario. For example, saying that buyers cannot submit pre-emptive offers disregards the fact that such offers can be made and considered. Similarly, stating that the salesperson must present these offers as soon as possible contradicts the seller’s ability to manage the timeline based on their preferences. Rejecting all offers received before a specified date may limit opportunities for negotiation and potential buyers. Finally, insisting on cash-only offers does not necessarily apply to all situations and could unnecessarily restrict the pool of interested buyers.