Humber/Ontario Real Estate Course 1 Exam Practice

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for the Humber Real Estate Course 1 Exam. Access our quiz with multiple choice questions and detailed explanations. Boost your readiness for the exam!

Practice this question and more.

According to REBBA, what would constitute a 'trade' in real estate?

Involves direct but not indirect activity in promoting the sale of a home.
Would not include a registrant holding an open house on a listed property, unless the property was sold as a direct result of that open house.
Would involve a salesperson advertising a seller's home for sale and answering prospective buyers' questions about that home.
Would not include preliminary discussions with a seller to sell his/her home.

The correct answer is: Would involve a salesperson advertising a seller's home for sale and answering prospective buyers' questions about that home.

According to REBBA, a 'trade' in real estate would involve a salesperson advertising a seller's home for sale and answering prospective buyers' questions about that home. This scenario represents direct involvement in promoting the sale of a property, which aligns with the definition of a 'trade' as per REBBA regulations. The other options are incorrect because they do not fully capture the direct engagement required for an activity to constitute a 'trade' in real estate.