Humber/Ontario Real Estate Course 4 Exam Practice

What does the Competition Act address?

1. Real estate advertising practices in Ontario.

2. Deceptive business practices only, not misleading advertising.

3. Misleading advertising both in print and electronically.

4. Misleading statements in property appraisals.

5. Only deceptive print advertising.

6. Rules for real estate auctions.

The correct answer is: Misleading advertising both in print and electronically.

The Competition Act primarily addresses misleading advertising in various forms, including both print and electronic media. It is designed to promote fair competition and protect consumers by prohibiting false or misleading representations made in advertising. This includes not just traditional forms of media but also modern digital platforms, ensuring that consumers are not misled by false claims about products or services. In contrast to the other options, which may focus on narrower aspects of advertising or specific practices, the focus of option C encapsulates the broad mandate of the Competition Act to combat misleading advertising across all mediums. Properly understanding this emphasizes the importance of accuracy in all types of marketing communications, which is critical in maintaining consumer trust and ensuring competitive integrity in the marketplace.