Humber/Ontario Real Estate Course 2 Exam Practice

Question: 1 / 1300

How can an open house provide benefit to a listing beyond showing the property to potential buyers?

Attract multiple offers on the property

Gauge market interest and gather feedback

An open house can provide benefits beyond just showcasing the property to potential buyers. One significant advantage is that it allows the listing agent to gauge market interest and gather feedback. By interacting with attendees and observing their reactions, the agent can gain valuable insights into the market's perception of the property. This feedback can help the agent make informed decisions on pricing, marketing strategies, and potential improvements to make the property more appealing to prospective buyers. Overall, hosting an open house serves as a valuable tool for market research and gathering feedback, making option B the correct answer.

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Identify qualified buyers immediately

Increase property value through higher visibility

Provide an opportunity for direct negotiations with buyers

Secure additional listings from attendees

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