Humber/Ontario Real Estate Course 3 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is a key benefit of distributing sold cards in a neighbourhood after selling a property?

No need to gain consent from the seller
Informs neighbours about the recent sale
Seller consent is only needed for sales above $500,000
The buyer's consent is not required
The seller's consent must be obtained for any form of advertisement
The cards serve as direct marketing to potential future clients

The correct answer is: Informs neighbours about the recent sale

The selection highlighting the benefit of informing neighbours about the recent sale captures a crucial aspect of real estate marketing and community engagement. When sold cards are distributed in a neighbourhood, it keeps residents informed about market activity in their area. This information can be particularly valuable as it may influence their perception of the local real estate market, potentially affecting their own buying or selling decisions in the future. Furthermore, disseminating this information enhances the visibility of the agent's efforts and success in the community, thereby reinforcing the agent's presence and expertise. The other options provide some considerations and context related to consent and marketing; however, they do not encapsulate the primary benefit of the sold cards as effectively. Understanding these nuances can be vital for real estate professionals aiming to foster relationships and maintain a competitive edge in their market area.