Humber/Ontario Real Estate Course 4 Exam Practice

What must Salesperson Scott include when advertising the sales volume generated by his team?

1. Sales volumes based on a team effort must not be advertised.

2. Registrar guidelines do not allow advertising sales volumes, only trading activity.

3. The ad must clearly identify all registrants within the team.

4. Registrar approval is required for advertising team sales volumes.

5. Total number of team transactions must be indicated.

6. Individual contributions of each team member.

The correct answer is: The ad must clearly identify all registrants within the team.

When advertising the sales volume generated by his team, Salesperson Scott must include the requirement that the ad must clearly identify all registrants within the team. This is important for transparency and to ensure that consumers have accurate information about who was involved in the sales volume being advertised. Options A, B, D, E, and F are incorrect because they do not align with the regulatory requirements. Option A states that sales volumes based on a team effort must not be advertised, which is not accurate. Option B mentions that Registrar guidelines only allow advertising trading activity, but this is not true. Option D indicates that Registrar approval is required for advertising team sales volumes, which is not the case. Option E states that the total number of team transactions must be indicated, which is not a specific requirement in this context. Option F suggests including the individual contributions of each team member, which is not mandatory when advertising team sales volumes.