Humber/Ontario Real Estate Course 4 Exam Practice

When a first-time buyer is eager to sign an offer on a newly-listed property without any conditions, the salesperson should:

1. Advise the buyer on the potential consequences of such an action

2. Inform the buyer it is common practice and proceed without discussion

3. Proceed with no further discussion as per the buyer's request

4. State it is a good approach since conditions are rarely used

5. Encourage the buyer to consult with another agent

6. Recommend withdrawing the offer

The correct answer is: Advise the buyer on the potential consequences of such an action

Advising the buyer on the potential consequences of signing an offer without any conditions is essential because it ensures that the buyer is fully informed about the implications of their decision. In a real estate transaction, not including standard conditions can expose the buyer to risks, such as the inability to conduct inspections or secure financing. It is the responsibility of the salesperson to ensure that the buyer understands these risks before proceeding. Educating the buyer about the importance of conditions can help them make a more informed decision and potentially avoid regrets later on. This guidance reflects the professional duty of real estate agents to act in the best interests of their clients, promoting informed consent rather than simply facilitating a quick sale.