Humber/Ontario Real Estate Course 1 Exam Practice

If a salesperson fails to include their employing brokerage's name in an advertisement, what should they do?

1. Ignore it, as it was an honest mistake.

2. Wait until the six-month trial contract ends to correct it.

3. Add a small reference to the brokerage name immediately.

4. Change the advertisement right away to meet ethical standards.

5. Seek a waiver from the supervisory authority.

6. Notify the brokerage immediately but no action required.

The correct answer is: Change the advertisement right away to meet ethical standards.

The correct choice highlights the importance of maintaining ethical standards in real estate advertising. When a salesperson fails to include their employing brokerage's name, it is essential to correct the oversight immediately. This is not just about adhering to the rules; it also protects consumers and upholds the reputation of the real estate profession. An advertisement lacking the brokerage's name can mislead potential clients about the legitimacy and accountability of the advertisement. By changing the advertisement right away, the salesperson ensures compliance with industry regulations, promotes transparency, and protects the interests of clients. In the context of the other choices, remaining passive or waiting for a trial contract to end does not address the importance of ethical practice and could lead to further regulatory complications. Seeking a waiver could be an option in some cases, but it generally does not directly resolve the mistake made. Notifying the brokerage is a step in the right direction, but simply informing them without taking corrective action does not fulfill the obligation to adhere to advertising standards in an immediate manner.