Humber/Ontario Real Estate Course 2 Exam Practice

Under what circumstances must a brokerage seeking to advertise their sales performance obtain approval?

1. Approval from the local real estate board

2. Approval from the federal regulatory body

3. Direct approval from the Registrar before advertising

4. Must state clearly the basis of their performance claims

5. No requirement for obtaining approval

6. Only for high-value listings

The correct answer is: Must state clearly the basis of their performance claims

In Ontario, a brokerage must state clearly the basis of their performance claims when advertising their sales performance. This requirement ensures transparency and accuracy in advertising and protects consumers from misleading or false information. It is important for brokerages to provide supporting evidence for their claims to avoid any confusion or misrepresentation. Therefore, the correct answer is D. Options A, B, C, E, and F are incorrect because they do not properly address the specific requirement related to advertising sales performance in Ontario real estate.