Humber/Ontario Real Estate Course 4 Exam Practice

When dealing with a property that has a pending zoning change, how should it be advertised?

1. Advertise based on the future zoning.

2. Follow the seller's expectation for future zoning.

3. Advertise the current zoning and avoid false information.

4. Disclaim the advertisement based on zoning differences.

5. Consult municipal records before advertising.

6. Discuss zoning plans with the community.

The correct answer is: Advertise the current zoning and avoid false information.

Advertising a property with consideration for its current zoning is crucial to ensure transparency and accuracy in the real estate market. By promoting the current zoning status, potential buyers are given a clear understanding of the regulations and limitations that apply to the property at the moment. This approach avoids misleading claims about what the property may offer in the future, thus protecting both the buyer's interests and the agent's reputation. Accurate representation helps to maintain trust within the market. If the advertisement suggests expectations based on future zoning changes—information that might not be guaranteed—there is a risk of creating false impressions which could lead to disputes or dissatisfaction down the line. This method also complies with legal standards and best practices, ensuring that the real estate professional adheres to relevant laws regarding advertising and disclosure. In contrast, other strategies might either misrepresent the property or create confusion. For example, focusing solely on future zoning could imply an urgency or a certainty that doesn't exist yet, while simply following the seller’s expectations may not take into account the regulatory framework that governs property use.