Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam. Study with challenging questions and detailed explanations to enhance your understanding. Get ready to excel in your exam!

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What should a salesperson do if their institutional advertisement lacks the employing brokerage's name?

Correct it immediately, including the brokerage name in the ad description.
Correct it during the trial period.
Correct it upon renewal of the advertisement contract.
Apologize for the mistake but no further action is required.

The correct answer is: Correct it immediately, including the brokerage name in the ad description.

Including the employing brokerage's name in any advertisement is a regulatory requirement in real estate. This ensures transparency and compliance with industry standards, protecting both consumers and the integrity of the real estate profession. By correcting the advertisement immediately, the salesperson adheres to these standards, prevents potential regulatory issues, and maintains the trust of clients and the public. The omission of the brokerage's name could mislead consumers regarding the source of the advertisement and may imply that the ad is not officially sanctioned. Immediate correction reflects professionalism and commitment to ethical practices in real estate. Other options suggest delaying the correction or taking no action beyond an apology, which does not meet the necessary standards for real estate advertising. It's essential to act promptly to rectify any non-compliance to uphold the integrity of both the advertisement and the brokerage.