Humber/Ontario Real Estate Course 4 Exam Practice

Which statement is true about brokers advertising claims of being the top brokerage in a specific area?

1. The brokerage must have supporting data at their office and does not need to include it in the advertisement.

2. The brokerage cannot make trading-related statements in advertisements.

3. The brokerage must include a reference explaining how the status was achieved in their advertisement.

4. The advertised claim must cover a period of one year or more.

5. The brokerage can make any claims they wish without substantiation.

6. None of the above options are accurate.

The correct answer is: The brokerage must include a reference explaining how the status was achieved in their advertisement.

The statement that is true is that the brokerage must include a reference explaining how the status was achieved in their advertisement. The other options are incorrect because -Option A is incorrect because the brokerage must have supporting data for their claim, but it does not necessarily have to be displayed at their office. They could provide it upon request. -Option B is incorrect because brokers are allowed to make trading-related statements in their advertisements, as long as they are not misleading or false. -Option D is incorrect because there is no specific time period required for the advertised claim. It could cover a shorter period than one year. -Option E is incorrect because brokers are required to have substantiation for their claims and cannot make any claims they wish without evidence. -Option F is incorrect because option C is an accurate statement and therefore cannot be grouped with other incorrect options. Overall, it is important for brokers to provide a reference for their top brokerage claims to ensure transparency and substantiation for their advertisements.