Humber/Ontario Real Estate Course 2 Exam Practice

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What type of fee arrangement should be disclosed when advertising 'Commission as Low as 1%'?

  1. How the arrangement works

  2. The list of all commissions

  3. The broker's approval

  4. The duration of such commission structure

  5. The comparative sales data

  6. The average commission rate

The correct answer is: How the arrangement works

When advertising 'Commission as Low as 1%', it is crucial to disclose how the fee arrangement works to provide transparency to potential clients. By explaining the workings of this particular fee structure, clients can understand the implications of the advertised commission rate and know what to expect in terms of services and costs. This helps build trust and manage expectations between the real estate professional and the clients. Options B, C, D, E, and F are not directly related to the specific fee arrangement of 'Commission as Low as 1%' and are not necessary for disclosure in this context. Disclosure of the list of all commissions, broker's approval, the duration of the commission structure, comparative sales data, or the average commission rate may not be relevant or required when advertising a specific low commission rate like 1%.

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