Humber/Ontario Real Estate Course 2 Exam Practice

If a brokerage has the greatest number of sales and the highest dollar volume of sales in a specific area, how can they advertise this information?

1. Can advertise the greatest number of sales but not highest dollar volume

2. Must clearly state in the ad on what basis the claim is being made

3. Must seek approval of the local real estate board

4. Must seek the Registrar's pre-approval

5. Need not mention any source of this claim

6. Should seek a third-party verification before advertising

The correct answer is: Must clearly state in the ad on what basis the claim is being made

The correct answer is B. In real estate advertising, if a brokerage claims to have the greatest number of sales and the highest dollar volume of sales in a specific area, they must clearly state in the ad on what basis this claim is being made. This is important to ensure transparency and accuracy in advertising claims. By clearly stating the basis of their claim, the brokerage is providing valuable information to consumers and promoting trust in their advertising. It is essential for real estate professionals to be transparent in their marketing and clearly communicate the basis of any claims made in their advertisements. Option A is not correct because the brokerage can advertise both the greatest number of sales and the highest dollar volume of sales if these claims are accurate. Option C and Option D are not necessary requirements for advertising this information. Option E is not accurate as it is important to mention the source of the claim for transparency and credibility. Option F is not a requirement but seeking third-party verification can add credibility to the brokerage's claims.