Humber/Ontario Real Estate Course 1 Exam Practice

Which activity is considered 'trading' under real estate regulations?

1. Creating marketing materials before registration.

2. Consulting registrants for business success tips.

3. Signing a post-registration advertisement agreement.

4. Advising a relative on home marketing before registration.

5. Enrolling in initial real estate courses.

6. Setting up a personal real estate website.

The correct answer is: Advising a relative on home marketing before registration.

The activity considered 'trading' under real estate regulations involves engaging in activities that are specifically designated for individuals who are registered to trade in real estate. Advising a relative on home marketing before registration falls into this category because it involves providing guidance or assistance in the sale or marketing of real estate, which is ultimately a trading activity. In contrast, creating marketing materials before registration and enrolling in initial real estate courses do not constitute trading, as they are preparatory steps rather than actual engagement in the market. Consulting registrants for business success tips and signing a post-registration advertisement agreement occurs after registration, which moves beyond the scope of the actions defined as trading under regulations. Setting up a personal real estate website can also be seen as a branding activity rather than a trading activity itself. Thus, the correct identification of advising on home marketing before registration fits the definition of trading as established by real estate regulations.