Who manages the sale of a property when a business is foreclosing?

Disable ads (and more) with a premium pass for a one time $4.99 payment

Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

When a business is foreclosing on a property, the management of the sale typically falls under the responsibility of a financial advisor. This is because during a foreclosure, the primary focus is on financial matters, such as recovering the debt owed on the property. A financial advisor would play a key role in advising on the best course of action for the sale of the property to mitigate financial losses and facilitate the process of liquidating the asset. The other options are incorrect as they do not typically have the primary responsibility for managing the sale of a property during a foreclosure by a business.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy