Humber/Ontario Real Estate Course 4 Exam Practice

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What is an advantage of distributing sold cards in a neighbourhood shortly after a home is sold?

Seller's consent is not required.
Neighbours become aware of a recent sale.
Requires seller's consent only if sale price exceeds $500,000.
Buyer's consent is not necessary for distribution.
Assures legal compliance in all marketing strategies.

The correct answer is: Neighbours become aware of a recent sale.

Choosing to distribute sold cards in a neighborhood shortly after a home is sold has the clear advantage of informing neighbors about the recent sale. This creates awareness within the community regarding property values and the dynamics of the local real estate market. It can generate interest among potential buyers who may be considering moving to the area, as well as giving sellers an idea of how their homes compare to recent sales. Generating this kind of neighborhood awareness not only fosters community engagement but can also serve as a marketing tool for the real estate agent involved, as it highlights their activity in the area. Additionally, it can enhance the agent's credibility and visibility among residents who may be thinking about selling or buying in the future.