Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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According to REBBA, what would constitute a 'trade' in real estate?

Involves direct but not indirect activity in promoting the sale of a home.
Would not include a registrant holding an open house on a listed property, unless the property was sold as a direct result of that open house.
Would involve a salesperson advertising a seller's home for sale and answering prospective buyers' questions about that home.
Would not include preliminary discussions with a seller to sell his/her home.

The correct answer is: Would involve a salesperson advertising a seller's home for sale and answering prospective buyers' questions about that home.

According to REBBA, a 'trade' in real estate would involve a salesperson advertising a seller's home for sale and answering prospective buyers' questions about that home. This scenario represents direct involvement in promoting the sale of a property, which aligns with the definition of a 'trade' as per REBBA regulations. The other options are incorrect because they do not fully capture the direct engagement required for an activity to constitute a 'trade' in real estate.