Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our comprehensive quiz. Dive into engaging practice questions that will enhance your understanding and readiness for the test. Elevate your confidence and get ready to ace your exam!

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Which of the following is NOT permitted according to the Code of Ethics and REBBA in regards to buyers and sellers?

A registrant cannot make false or misleading statements in an advertisement.
A registrant can only provide an opinion about value if they are registered as a broker.
A registrant cannot induce a client to break an existing agreement with another brokerage.
A registrant must treat every person involved in a trade with integrity and fairness.
A registrant should disclose personal relationships with any party involved in the transaction.
A registrant can unilaterally terminate an agreement if a buyer or seller fails to comply with terms.

The correct answer is: A registrant can only provide an opinion about value if they are registered as a broker.

The answer that is correct in this context pertains to the requirement that a registrant must be appropriately registered to provide opinions about value. Registration as a broker is a legal prerequisite to offer these opinions, which are often tied to more nuanced aspects of real estate transactions such as appraisals or formal valuations. This reason aligns with professional standards and consumer protection, ensuring that only qualified individuals provide such assessments. The focus on requiring a specific registration status helps to safeguard clients and the integrity of the profession, ensuring that only those who have met the necessary educational and ethical standards engage in activities that could impact the financial interests of buyers and sellers.