Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our comprehensive quiz featuring multiple-choice questions. Enhance your understanding of real estate concepts and strategies to excel in your exam!

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.

According to the Registrar's guidelines, when can a registrant identify a specific property in a listing advertisement?

A registrant cannot feature a property used for commercial purposes in advertisements.
Specific individuals involved in a transaction must not be identified in an advertisement.
A property can be identified in an advertisement only with the seller's informed, written consent.
Whether or not a person can be identified in an ad is not directly addressed and falls under the Code of Ethics.
A registrant cannot advertise residential properties in commercial advertisements.
Specific transaction details can only be advertised following the completion of the sale.

The correct answer is: A property can be identified in an advertisement only with the seller's informed, written consent.

The correct answer highlights a crucial ethical consideration in real estate transactions: the necessity of obtaining informed, written consent from the seller before identifying a specific property in a listing advertisement. This guideline is designed to protect the interests and privacy of sellers, ensuring that they have control over how their property is represented to potential buyers and that they are fully aware of how their information will be used in marketing efforts. Obtaining this consent reflects the principles of professionalism and transparency that are essential in real estate practice. It establishes a clear boundary of respect for the seller’s rights, and helps to maintain trust in the client-agent relationship. This approach reinforces the standards set by the regulatory bodies, which prioritize ethical conduct in advertising practices. In contrast, the other options touch on different aspects of advertising regulations or general practices but do not directly address the requirement for consent in the context of specific property identification. This fundamental requirement is pivotal in maintaining compliance and fostering a trustworthy environment in real estate transactions.