Humber/Ontario Real Estate Course 2 Exam Practice

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Brokerage A wants to advertise their status as the top seller in a particular market area based on verified information over the past eight months. According to the Registrar's guidelines, which statement is correct?

  1. The brokerage can advertise this claim without including any supporting or qualifying information in the ad as he has the backup data at his office.

  2. The brokerage is not permitted to make trading-related statements in an advertisement.

  3. The brokerage can make this claim provided that the advertised claim includes an appropriate reference as to how that status was achieved.

  4. Any such claim must be for a period of one year or more.

  5. The brokerage cannot make this claim at all.

  6. The brokerage must obtain prior approval from the Registrar before making this claim.

The correct answer is: The brokerage can make this claim provided that the advertised claim includes an appropriate reference as to how that status was achieved.

In this scenario, the correct answer is C. The brokerage can make the claim of being the top seller in a particular market area over the past eight months, as long as the advertised claim includes an appropriate reference as to how that status was achieved. This is in line with the Registrar's guidelines, which require transparency and accuracy in advertising real estate services. Options A, B, D, E, and F are incorrect because they do not align with the rules and regulations set by the Registrar. Option A suggests advertising without supporting or qualifying information, which goes against the requirement for transparency. Option B incorrectly states that brokerages are not permitted to make trading-related statements in advertisements, as long as the claims are supported by appropriate references. Option D imposes a specific timeframe of one year or more, which is not a requirement in this case. Option E is too extreme in stating that the brokerage cannot make the claim at all, which is not true if the appropriate references are provided. Option F is not necessary in this scenario since the claim can be made as long as it includes the proper reference.

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