Humber/Ontario Real Estate Course 3 Exam Practice

Which action does not necessarily need a written contract for representations or promises made?

1. Creating a promotional brochure

2. Guaranteeing a mortgage approval

3. Officiating buyer agreement terms

4. Negotiating a residential lease on behalf of a client

5. Making performance guarantees to the seller

6. Promise to oversee financial instruments for a buyer client

The correct answer is: Creating a promotional brochure

Creating a promotional brochure does not necessarily require a written contract for representations or promises made. This action is generally considered part of marketing efforts where the intent is to provide information, highlight features, or attract potential buyers without binding legal implications. Promotional materials often serve an informative purpose and do not typically establish enforceable agreements; instead, they help to shape public perception and market engagement. In contrast, the other options involve formal agreements or commitments that typically require written documentation to ensure mutual understanding and legal enforceability. For instance, guaranteeing a mortgage approval or officiating buyer agreement terms inherently imply definitive obligations that benefit from precise written contracts to protect the interests of all parties involved. Similarly, negotiating a residential lease, making performance guarantees, and overseeing financial instruments represent complex interactions where clear, documented promises are crucial for legal clarity and accountability.