Humber/Ontario Real Estate Course 1 Exam Practice

When does an existing business relationship occur concerning DNCL legislation?

1. Buyer purchased a property within the past 24 months from a brokerage.

2. Real estate salesperson and the seller know each other.

3. Seller called a brokerage within the past six months and enquired about listing his or her property with a specific salesperson.

4. Seller listed a property with a brokerage for a term of three months, approximately 36 months ago.

5. Both buyer and seller once worked with the same brokerage within the past year.

6. Buyer rented a property through a brokerage within the past month.

The correct answer is: Seller called a brokerage within the past six months and enquired about listing his or her property with a specific salesperson.

An existing business relationship regarding Canada's Do Not Call List (DNCL) legislation occurs when a seller has called a brokerage within the past six months and enquired about listing their property with a specific salesperson. This shows an initiation of interest and communication regarding a potential real estate transaction within a recent timeframe. Options A, D, E, and F do not meet the criteria for an existing business relationship as outlined in the question. Option B, where the real estate salesperson and the seller know each other, might imply a personal relationship rather than a professional one, which is not necessarily a sufficient condition for establishing an existing business relationship under DNCL legislation.