Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam. Study with challenging questions and detailed explanations to enhance your understanding. Get ready to excel in your exam!

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How should an agent handle disclosures when their buyer client wants to offer on a property that already has an offer?

Delay their buyer’s offer to review the first offer.
Present both offers swiftly and fairly.
Secure the best terms for the original offer first.
Submit offers sequentially based on client interest.

The correct answer is: Present both offers swiftly and fairly.

When a buyer client wants to offer on a property that already has an existing offer, the agent should handle the situation by presenting both offers swiftly and fairly. This approach ensures transparency, fairness, and professionalism in the process. By presenting both offers promptly, the agent adheres to ethical standards and best practices in real estate transactions. This option demonstrates a commitment to serving the interests of both buyers and sellers in a balanced and unbiased manner. Option A is not the best choice because delaying the buyer's offer to review the first offer may lead to missed opportunities or create a perception of unfairness. Option C is not ideal because the priority should be on presenting both offers equally rather than focusing on securing the best terms for the original offer. Option D, submitting offers sequentially based on client interest, could result in complications and potential conflicts of interest as all parties should have an equal opportunity to present their offers.