Humber/Ontario Real Estate Course 3 Exam Practice

An individual waiting for registration as a salesperson can engage in which of the following activities?

1. Assist a salesperson by conducting an open house.

2. Build a business plan and establish related goals.

3. Conduct market research.

4. Create a listing presentation with key points and artwork.

5. Negotiate and finalize real estate transactions.

6. Perform rental property showings independently.

The correct answer is: Build a business plan and establish related goals.

Building a business plan and establishing related goals is a fundamental activity for an individual waiting for registration as a salesperson. It allows them to develop a clear vision of their objectives, strategies, and the steps needed to achieve success in the real estate industry once they are registered. Creating a business plan helps to prepare for practical engagement in the real estate market by outlining targets and the necessary resources to reach them. Engaging in activities such as conducting open houses, negotiating real estate transactions, performing rental property showings independently, and creating listing presentations typically requires a registered salesperson’s license, thus not being permissible for an unregistered individual. Conducting market research, while valuable, may also fall into a gray area where it could be better and more effectively handled by a registered professional who has access to specific tools and databases. Therefore, focusing on personal business development, which includes planning and goal setting, is the correct avenue for someone not yet registered.