Humber/Ontario Real Estate Course 2 Exam Practice

Question: 1 / 1300

If a property is listed in a strong seller's market, how should the salesperson proceed with marketing?

Limit marketing to a single known buyer

Focus on getting the full listing price through an individual buyer

Promote the property aggressively to the entire market

In a strong seller's market, where there is high demand for properties and low inventory, the best approach for a salesperson is to promote the property aggressively to the entire market. This is because in such market conditions, there is a high chance that there will be multiple interested buyers competing for the property. By promoting the property to the entire market, the salesperson can generate more interest and potentially create a competitive bidding situation, which could result in a higher sale price for the seller.

Options A, B, D, E, and F are incorrect because they all involve limiting the scope of marketing or focusing on individual buyers, which may not be the most effective strategy in a strong seller's market.

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Delay marketing until the chosen buyer has viewed the property

Negotiate exclusively with the interested buyer

Wait for multiple offers before marketing

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