Humber/Ontario Real Estate Course 1 Exam Practice

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Which is NOT an option available to a seller when presented with a buyer's offer?

  1. Accept the offer as presented

  2. Make a counter-offer

  3. Reject the offer outright

  4. Only counter-offer in terms of additional conditions

  5. Accept parts of the offer and reject others

The correct answer is: Reject the offer outright

When a seller is presented with a buyer's offer in a real estate transaction, they have several options available to them. They can accept the offer as presented, make a counter-offer with modifications to the terms, only counter-offer in terms of additional conditions, or accept parts of the offer and reject others. The correct answer, option C, is "Reject the offer outright." Sellers have the right to reject an offer outright if they are not satisfied with the terms or if they have decided not to proceed with that particular buyer's offer. It is important for sellers to consider their objectives and the current market conditions before making a decision on how to respond to a buyer's offer.

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