Humber/Ontario Real Estate Course 3 Exam Practice

What is a salesperson's duty to a seller client from offer acceptance to closing?

1. The salesperson has no obligations other than removing the sold sign at closing.

2. The salesperson doesn't have to worry about the seller's obligations relating to the closing day, as these are handled by the lawyer.

3. The salesperson should help with arranging/confirming appointments for third parties contracted by the buyer to inspect the home, if applicable.

4. The salesperson has no obligations to the seller, once all conditions relating to the agreement have been removed.

5. The salesperson must personally ensure all paperwork processing for closing.

6. The salesperson should provide a financial audit to both parties at closing.

The correct answer is: The salesperson should help with arranging/confirming appointments for third parties contracted by the buyer to inspect the home, if applicable.

The appropriate duty of a salesperson to a seller client from offer acceptance to closing encompasses various responsibilities aimed at facilitating a smooth transaction. Helping to arrange or confirm appointments for third parties contracted by the buyer to inspect the home is an integral part of these duties. This not only shows commitment to the process but also ensures that any inspections occur in a timely manner, helping to alleviate potential delays in closing. By coordinating with inspectors, appraisers, and any other necessary parties, the salesperson plays a vital role in supporting their client, the seller. This proactive approach helps maintain open communication and ensures that all parties are on the same page, fostering a cooperative environment necessary for a successful real estate transaction. Other options highlight a misunderstanding of the salesperson's role. While a lawyer does indeed handle legal obligations related to closing, the salesperson remains a key point of contact and support throughout the process. Personal involvement in all paperwork isn't solely a responsibility of the salesperson; their role focuses on coordination and communication. Providing financial audits is typically outside the purview of a salesperson, as this function is better suited to an accountant or financial advisor. Recognizing the ongoing obligations of a salesperson to the seller after offer acceptance emphasizes the importance of their support in advancing the transaction towards closing.