Humber/Ontario Real Estate Course 4 Exam Practice

Which of the following actions should a salesperson take after an offer has been accepted until the closing?

1. Inform the seller they have no further obligations.

2. Remove the "sold" sign at closing.

3. Help schedule and confirm buyer-requested inspections, if applicable.

4. Ensure no action as all obligations are with the lawyer.

5. Disregard any further seller conditions after condition removals.

6. Handle any remaining paperwork without seller's concern.

The correct answer is: Help schedule and confirm buyer-requested inspections, if applicable.

After an offer has been accepted, it remains important for the salesperson to continue facilitating the transaction until closing. Helping to schedule and confirm buyer-requested inspections is a crucial part of this process. Inspections can play a significant role in understanding the condition of the property and ensuring that both the seller and buyer are satisfied with the transaction's terms. The salesperson acts as a mediator and guide, ensuring that all necessary steps are completed in a timely manner. In many real estate transactions, inspections are not only a routine step but can also reveal issues that need to be addressed, impacting the final agreement between the buyer and seller. By taking the initiative to assist in this way, the salesperson helps maintain a positive relationship between the parties and keeps the transaction moving forward smoothly. This diligent follow-up can help avoid potential disputes or delays that might arise if inspections are neglected or mismanaged. Options that suggest no further action, such as informing the seller they have no obligations or disregarding seller conditions, overlook the ongoing responsibilities that the salesperson has to both parties involved. Each party continues to have roles and responsibilities until the deal is finalized at closing, underscoring the importance of the salesperson’s active involvement.