Ontario Real Estate Licensing Exam Practice · Question
A real estate salesperson, David, lists a residential property in Barrie. He places an advertisement on a popular social media platform stating, 'This house will sell for under market value! Call me today for a steal!' Which advertising standard under TRESA is David most clearly violating?
Rule 33(g) of the Code of Ethics under TRESA prohibits making any representation that is reckless or intentionally misleading, which includes advertising claims
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Question: A real estate salesperson, David, lists a residential property in Barrie. He places an advertisement on a popular social media platform stating, 'This house will sell for under market value! Call me today for a steal!' Which advertising standard under TRESA is David most clearly violating?
Answer options:
- The requirement to include his brokerage's name in the advertisement. ✅ The prohibition against making a representation that is reckless or intentionally misleading.
- The necessity of disclosing his status as a registrant.
- The requirement for advertisements to be truthful and not create unreasonable expectations.
Correct answer: The prohibition against making a representation that is reckless or intentionally misleading.
Explanation: Rule 33(g) of the Code of Ethics under TRESA prohibits making any representation that is reckless or intentionally misleading, which includes advertising claims that suggest a property will sell below market value, creating unreasonable expectations.
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