Humber/Ontario Real Estate Course 4 Exam 2025 – 400 Free Practice Questions to Pass the Exam

The correct approach to handling the four offers on the family home listed at $500,000 is to have a representative from the listing brokerage present during the process. This is important to ensure transparency, fairness, and compliance with real estate regulations. Having a representative present helps to avoid any potential conflicts of interest and helps to ensure that all offers are handled professionally and in accordance with legal requirements.

Options A, C, D, E, and F are not the correct approaches for handling the multiple offers. Presenting the offers in the order they were received (Option A) may not be the most effective way to handle the situation. Requiring disclosure only for buyers related to Ontario real estate registrants (Option C) is not comprehensive enough and may lead to potential issues. Disregarding the $475,000 offer (Option D) is not advisable as all offers should typically be presented to the seller. Only presenting offers without conditions (Option E) may limit the seller's options and potentially impact the outcome. Prioritizing the highest offer regardless of conditions (Option F) may not always be in the best interest of the seller, as other terms and conditions can also be important factors to consider.