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!

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!

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For a salesperson to mention their transactional volume in advertising, what must be clarified?

They must publish the specific properties involved.
They must explain what is meant by the term transaction.
They must avoid mentioning the number of transactions.
They must seek approval from the Registrar.

The correct answer is: They must explain what is meant by the term transaction.

In advertising, if a salesperson wants to mention their transactional volume, it is essential to clarify what is meant by the term "transaction." This is important because simply mentioning a number of transactions without defining what constitutes a transaction could be misleading to the audience. By explaining what is meant by a transaction, the salesperson provides transparency and clarity to potential clients regarding the basis of the volume mentioned in the advertisement. This helps establish trust and credibility, which are vital in real estate transactions. Therefore, choice B is the correct answer.