Humber/Ontario Real Estate Course 1 Exam Practice

An open house registration system requires prospective buyers to provide their names and contact information. This is:

1. A regulatory requirement in REBBA

2. Recommended for brokers and salespersons to freely call prospective buyers

3. Mandatory due to privacy legislation

4. Recommended for security and follow-up purposes, if compliant with privacy laws

The correct answer is: Recommended for security and follow-up purposes, if compliant with privacy laws

An open house registration system that requests prospective buyers to provide their names and contact information is recommended for security and follow-up purposes if compliant with privacy laws. By collecting this information, real estate professionals can follow up with potential buyers, provide additional information about the property, and answer any questions that may arise. However, it is crucial that this process complies with privacy legislation to protect the personal information provided by the individuals attending the open house. This ensures that the information is used appropriately and safeguards the privacy rights of the prospective buyers. Therefore, the correct answer is D. Option A is incorrect because while the Real Estate and Business Brokers Act (REBBA) governs real estate transactions in Ontario, the requirement for providing names and contact information at an open house is not explicitly mentioned as a regulatory requirement in REBBA. Option B is incorrect as the purpose of collecting names and contact information at an open house is not primarily to freely call prospective buyers; rather, it is for security and follow-up purposes. Option C is incorrect because while privacy legislation is relevant when collecting personal information, it is not mandatory in all cases for open house registration. Compliance with privacy laws is imperative, but not all privacy legislation mandates collecting this information.