Humber/Ontario Real Estate Course 1 Exam Practice

The Competition Act applies under which of the following scenarios?

1. When administered in Ontario by the Provincial Competition Bureau.

2. When addressing conspiracies but not misleading advertising.

3. If a salesperson refuses to work with another brokerage offering lower remuneration rates.

4. When disputes between two big brokerages arise.

5. When brokerages refuse to share listings with non-member agents.

6. If agents form a monopoly in their service areas.

The correct answer is: If a salesperson refuses to work with another brokerage offering lower remuneration rates.

The Competition Act applies when a salesperson refuses to work with another brokerage offering lower remuneration rates because it falls under anti-competitive behavior. Refusing to work with a brokerage offering lower rates can be seen as an attempt to stifle competition, which goes against the principles of fair competition outlined in the Competition Act. This type of behavior is considered anti-competitive and can be subject to investigation and potential legal consequences under the Act. The other options are incorrect because they do not directly relate to scenarios of anti-competitive behavior as outlined in the Competition Act: - Option A mentions the Provincial Competition Bureau, which is not an accurate depiction of the application of the Competition Act. - Option B refers to conspiracies and misleading advertising, which are also covered by the Act but are not the focus of the question. - Option D talks about disputes between brokerages, which may not necessarily involve anti-competitive practices. - Option E is about brokerages refusing to share listings with non-member agents, which could be against industry regulations but may not directly violate the Competition Act. - Option F discusses agents forming a monopoly, which is related to anti-competitive behavior but is not the scenario described in the question.