Humber/Ontario Real Estate Course 1 Exam 2025 – 400 Free Practice Questions to Pass the Exam

The correct choice highlights that a bank has the flexibility to sell a foreclosed property either on its own or by engaging a real estate brokerage. This option reflects the practical approach that lenders can take following foreclosure; banks often have the resources, market knowledge, and capability to handle property sales independently. However, enlisting a real estate brokerage can also maximize exposure and streamline the sales process.

Other options introduce limitations or requirements that are not typically true regarding the bank's options. For example, a bank is not mandated to sell through a registered brokerage or directly to a buyer without marketing efforts. Additionally, there is no requirement for the bank to conduct a public auction or use government platforms for property sales. Therefore, the correct choice acknowledges the autonomy banks have in deciding how to handle the sale of foreclosed residential properties.