Humber/Ontario Real Estate Course 3 Exam Practice

The Competition Act addresses which of the following issues?

1. It prohibits misleading advertising and deceptive advertising practices at a provincial level

2. It is focused on advertising practices of real estate brokers in Ontario

3. It addresses misleading advertising in both print and electronic formats

4. It is limited to deceptive business practices without involving advertising

The correct answer is: It addresses misleading advertising in both print and electronic formats

The Competition Act is designed to promote fair competition in the marketplace and protect consumers from deceptive practices. The correct choice highlights that the Act addresses misleading advertising across various mediums, including both print and electronic formats. This is essential because, in today's digital age, advertising can occur in numerous ways, and the Act aims to ensure that all forms of advertising are truthful and not misleading. By encompassing both print and electronic advertising, the Competition Act helps to create a fair business environment and ensures consumers can make informed decisions based on accurate information. This comprehensive approach is vital in preventing companies from using deceptive techniques to sway consumer choices, regardless of how the advertising is delivered. The other options primarily limit the scope of the Act or narrow its focus to particular types of advertising or practices, which does not reflect the full intent of the law. Thus, the chosen answer captures the broader application of the Competition Act in regulating misleading advertising practices effectively.