Humber/Ontario Real Estate Course 2 Exam Practice

What is the importance of an open house registration system in terms of privacy legislation?

1. It is mandatory under REBBA legislation.

2. It is not mandatory but recommended for security and follow-up purposes.

3. It allows brokers to call prospective buyers freely after the event.

4. It requires approval from local real estate boards.

5. It is necessary for all types of property showings.

6. It ensures compliance with the Canadian Anti-Spam Legislation (CASL).

The correct answer is: It is not mandatory but recommended for security and follow-up purposes.

The importance of an open house registration system in terms of privacy legislation lies in the fact that it is not mandatory but recommended for security and follow-up purposes. By having a registration system in place, real estate professionals can keep track of who enters the property during the open house, ensuring the security of the property and its contents. Additionally, the registration system allows for follow-up with potential buyers who have shown interest in the property, which can lead to more efficient and effective communication in the future. It is important to note that option A is not correct as having an open house registration system is not mandatory under REBBA legislation. Option C is incorrect as obtaining contact information from prospective buyers at open houses does not mean brokers can call them freely after the event without adhering to privacy legislation. Options D and E are inaccurate as they do not accurately reflect the importance of an open house registration system in relation to privacy legislation. Option F is not directly related to the primary purpose of an open house registration system for security and follow-up purposes.