Humber/Ontario Real Estate Course 1 Exam Practice

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To advertise brokerage achievements such as sales volume supported by MLS statistics, what must a brokerage do?

  1. Get local real estate board approval

  2. Obtain the Registrar's pre-approval

  3. Provide a detailed report to customers

  4. Specify in the advertisement how claims are validated

  5. Verify with the Canadian Real Estate Association

  6. Submit claims to the MLS© database

The correct answer is: Specify in the advertisement how claims are validated

In order to advertise brokerage achievements such as sales volume supported by MLS statistics, the brokerage must specify in the advertisement how the claims are validated. This is crucial to ensure transparency and accuracy in the information presented to the public. By clearly outlining how the claims are validated, potential clients can have confidence in the credibility of the brokerage's achievements. Options A, B, C, E, and F are not relevant to the specific requirement of specifying how claims are validated. Local real estate board approval, Registrar's pre-approval, providing a detailed report to customers, verifying with the Canadian Real Estate Association, and submitting claims to the MLS© database do not address the explicit need for outlining the validation process in the advertisement.

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