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!

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What is the condition under which a brokerage can claim to be the #1 brokerage in MLS® sales for a specific market area?

The brokerage will need to secure permission from clients who bought properties.
The brokerage must ensure the advertisement is backed by a yearlong verifiable record.
The brokerage can claim this status if the ad references how the claim was achieved.
The brokerage needs no supporting information if the office has backup data available.
The brokerage should avoid making trading-related claims in ads altogether.
The brokerage must include detailed transaction histories in the claim.

The correct answer is: The brokerage can claim this status if the ad references how the claim was achieved.

In order for a brokerage to claim to be the #1 brokerage in MLS® sales for a specific market area, the brokerage can claim this status if the advertisement references how the claim was achieved. This is important because it ensures transparency and credibility in the claim being made. By providing information on how the claim was achieved, it allows others to understand the basis of the brokerage's statement and judge its validity. This requirement enhances the overall trustworthiness of the brokerage and its claims in the real estate market.