Humber/Ontario Real Estate Course 4 Exam Practice

Why is an open house registration system recommending prospective buyers to fill out their name and contact information?

1. It is a regulatory requirement from REBBA.

2. It is recommended so brokers or salespersons can call prospective buyers after the open house.

3. It is mandatory due to privacy legislation requirements.

4. It is recommended because it provides a security record of attendees and allows for follow-up if privacy legislation is complied with.

5. It is mandatory for the purposes of marketing analysis.

6. It is required for local neighborhood association records.

The correct answer is: It is recommended because it provides a security record of attendees and allows for follow-up if privacy legislation is complied with.

The recommendation for prospective buyers to fill out their name and contact information during an open house primarily serves several purposes, particularly in enhancing security and facilitating future communication. This registration system provides a security record of attendees, which can be important for the safety of both the property and the individuals holding the open house. Additionally, by having potential buyers' contact details, brokers and salespersons can follow up with those who expressed interest in the property, thereby supporting the sales process. Moreover, while it's important to note that any collection of personal information should comply with applicable privacy legislation, the act of gathering this information is fundamentally focused on the dual benefits of security and effective client follow-up. This approach helps real estate professionals maintain a professional protocol while also ensuring that their marketing efforts are targeted toward genuinely interested parties.