Humber/Ontario Real Estate Course 3 Exam Practice

Which statement is true regarding a salesperson sharing new listing details with neighbors?

1. Only homeowners who have agreed may be approached.

2. Homeowners with their properties already listed should not be approached.

3. No information should be shared with nearby residents.

4. Only the listing price can be shared with neighbors.

5. Meeting neighbors is not necessary for promoting a new listing.

6. Details can be shared with homeowners regardless of their interest.

The correct answer is: Homeowners with their properties already listed should not be approached.

Sharing new listing details with neighbors comes with certain boundaries and considerations. While it may seem like a good idea to share with all nearby residents in order to spread the word, this can actually cause issues with homeowners who have already listed their properties and may feel uncomfortable or be negatively impacted by the news. It is important to respect the privacy and decisions of other homeowners and only approach those who have specifically agreed to receiving information. Therefore, B is the most appropriate and respectful option. A, D, and F may cause discomfort or conflicts with other homeowners, C goes against the purpose of promoting the listing, and E is not entirely true as meeting and networking with neighbors can still be beneficial for the salesperson.