Humber/Ontario Real Estate Course 1 Exam Practice

Which level of experience allows a salesperson to provide listing price advice?

1. At least one year of experience

2. Minimum of three years in real estate

3. Experience listed properties previously

4. Any level, if within their competence

5. Only if supervised by senior agents

6. Exclusive to residential real estate

The correct answer is: Any level, if within their competence

In real estate, providing listing price advice requires a good understanding of the local market conditions, property values, and the ability to analyze comparable properties. This knowledge can be gained through education, training, and practical experience. The correct answer is "D. Any level, if within their competence" because a salesperson can provide listing price advice as long as they have the necessary competence and knowledge, regardless of their level of experience. This highlights the importance of being competent and skilled rather than solely relying on the number of years in the industry. Options A, B, and E focus on specific timeframes or supervision requirements, which are not necessarily indicative of the ability to provide listing price advice. Option C only emphasizes past experience with listing properties, which may not always reflect the salesperson's current capabilities. Option F restricts the scope to residential real estate, which is too narrow considering listing price advice can be relevant across various real estate sectors.