Humber/Ontario Real Estate Course 3 Exam Practice

Which statute primarily addresses deceptive advertising practices within Ontario’s real estate sector?

1. Advertising Standards Act

2. Consumer Protection Act

3. Competition Act

4. Fair Trade Law

The correct answer is: Competition Act

The statute that primarily addresses deceptive advertising practices within Ontario’s real estate sector is the Competition Act. This Act aims to maintain and encourage competition in the Canadian marketplace, ensuring that advertising practices are not misleading or deceptive. It provides guidelines and prohibitions against practices such as false or misleading representations, which can directly impact consumer trust and market integrity. This legislative framework is integral in ensuring that real estate professionals provide accurate information regarding their listings, avoid misleading claims, and uphold ethical standards in all forms of advertising. Therefore, when dealing with deceptive practices in real estate advertising, the provisions outlined in the Competition Act are crucial for both consumers and practitioners to understand and adhere to, promoting fair competition and protecting consumers’ rights in the marketplace.