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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When does an existing business relationship occur concerning DNCL legislation?

Buyer purchased a property within the past 24 months from a brokerage.
Real estate salesperson and the seller know each other.
Seller called a brokerage within the past six months and enquired about listing his or her property with a specific salesperson.
Seller listed a property with a brokerage for a term of three months, approximately 36 months ago.
Both buyer and seller once worked with the same brokerage within the past year.
Buyer rented a property through a brokerage within the past month.

The correct answer is: Seller called a brokerage within the past six months and enquired about listing his or her property with a specific salesperson.

An existing business relationship regarding Canada's Do Not Call List (DNCL) legislation occurs when a seller has called a brokerage within the past six months and enquired about listing their property with a specific salesperson. This shows an initiation of interest and communication regarding a potential real estate transaction within a recent timeframe. Options A, D, E, and F do not meet the criteria for an existing business relationship as outlined in the question. Option B, where the real estate salesperson and the seller know each other, might imply a personal relationship rather than a professional one, which is not necessarily a sufficient condition for establishing an existing business relationship under DNCL legislation.