Humber/Ontario Real Estate Course 3 Exam Practice

If a zoning bylaw change is pending, what information should be included in property advertisements?

1. Only advertise the anticipated zoning bylaw change.

2. Omit mention of zoning until confirmation is received.

3. Use the current zoning bylaw status in advertisements.

4. Mention the application but highlight current zoning.

5. Provide details on the potential impact of the zoning change.

6. Discuss zoning changes only in meetings with potential buyers.

The correct answer is: Use the current zoning bylaw status in advertisements.

Utilizing the current zoning bylaw status in advertisements is essential for providing accurate and truthful information to potential buyers. It ensures that prospective purchasers have a clear understanding of the existing regulations governing the property at the time of the advertisement. Advertising based solely on a pending change could mislead buyers regarding what they can or cannot do with the property under the current laws. By highlighting the current zoning status, real estate professionals remain transparent and comply with ethical standards in real estate practice. While there may be value in discussing pending changes to zoning bylaws, those changes are not yet in effect and can lead to uncertainties. Thus, focusing exclusively on the current zoning provides a stable and factual basis for any negotiations or decisions by potential buyers. Information about pending changes can be provided during discussions or meetings, but the focus in advertisements should remain on the verifiable and enforceable current zoning status. This approach helps build trust and ensures that all representations made in advertising are accurate and compliant with real estate regulations.