Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

A new salesperson is advertising a listed property. Which statement is true about disclosures in the advertisement?

Selling under financial pressure doesn’t need consent for disclosure.
Financial incentives must be disclosed only to potential buyers, not in ads.
Seller’s consent is mandatory for advertising financial incentives.
Brokerage approval for advertisement is required but not the seller’s consent.
Advertising that the owner is a famous person requires no specific consent.
Disclosure of financial pressure can be generalized without specific details.

The correct answer is: Seller’s consent is mandatory for advertising financial incentives.

In Ontario, it is mandatory for the seller to provide their consent before any financial incentives are advertised in the listing for a property. This requirement is in place to ensure transparency and to protect the interests of all parties involved in a real estate transaction. By obtaining the seller's consent, the new salesperson can accurately disclose any financial incentives associated with the property without risking misrepresentation or legal implications. Therefore, option C is the correct choice. Options A, B, D, E, and F are incorrect because they do not align with the legal requirements in Ontario real estate practices. Selling under financial pressure and disclosing financial incentives without consent, not disclosing financial incentives in ads, not requiring seller's consent for financial incentives in ads, advertising famous owners without consent, and disclosing financial pressure in a generalized manner are not in compliance with the necessary regulations and standards.