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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Which statement is correct regarding an honour or award obtained by a registrant?

An honour or award can only be advertised by a brokerage and not by a broker or salesperson.
A registrant can only advertise an honour or award that was obtained from a real estate board or provincial real estate association.
The registrant, when advertising an honour or award, need only identify its source.
A registrant cannot advertise an honour or award that was bought by that registrant or purchased on behalf of that registrant.
An honour or award must be verified by a third-party organization before being advertised.
Honours and awards can only be advertised with prior approval from RECO.

The correct answer is: The registrant, when advertising an honour or award, need only identify its source.

When advertising an honour or award, it is essential for the registrant to clearly identify its source to maintain transparency and uphold industry standards. This practice helps potential clients and the public understand the credibility and origin of the recognition. By identifying the source, registrants foster trust and ensure that the information conveyed is accurate and not misleading. The other statements address various conditions or limitations regarding the advertising of honours and awards. For example, the notion that an honour or award can only be advertised by a brokerage limits the agency through which individuals can promote their achievements. Additionally, restricting the advertising of honours and awards solely to recognitions from specific organizations (like real estate boards or provincial associations) narrows the broad spectrum of legitimate awards. The requirement for prior approval or third-party verification may also complicate the process unnecessarily, diverting attention from the qualified achievements registrants may have earned. Restricting advertising based on how the award was obtained also runs counter to the intent of promoting valid achievements, regardless of the acquisition method.