Ontario Real Estate Practice Course 1 Test – Pass the Ontario License Exam in 2026

Question: 1 / 890

What does a 'trade' in real estate encompass according to REBBA?

Direct activity in promoting the sale, but not indirect involvement.

Excludes open house events unless a sale is directly attributed to them.

Includes advertising a property and answering queries from prospective buyers.

The concept of a 'trade' in real estate, as defined by the Real Estate and Business Brokers Act (REBBA), indeed encompasses a broad range of activities. This includes not only advertising a property but also engaging with prospective buyers by answering their queries. These actions are essential components of the sales process, as they facilitate communication and information exchange, ultimately contributing to a potential transaction.

In essence, the definition of 'trade' extends beyond just the promotion of a property; it involves direct interactions that help in executing a sale. This interpretation aligns with the comprehensive nature of real estate transactions, where fostering dialogue and providing information play significant roles in influencing buyers’ decisions.

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Does not cover initial discussions with a property seller.

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