Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with our comprehensive quiz. Test your understanding with multiple choice questions and detailed explanations. Build confidence and knowledge for a successful exam experience!

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A broker of record:

Is required for a sole proprietorship or partnership, but not a corporation.
Is designated by RECO to ensure that the brokerage complies with REBBA.
Must make certain that REBBA requirements are strictly followed and enforced by the brokerage.
Must be a branch manager for the applicable brokerage.
Is responsible for all legal issues within the brokerage.
Can delegate responsibilities to a salesperson.

The correct answer is: Must make certain that REBBA requirements are strictly followed and enforced by the brokerage.

A broker of record must make sure that REBBA (Real Estate and Business Brokers Act) requirements are strictly followed and enforced by the brokerage. This includes overseeing all real estate transactions conducted by the brokerage and ensuring that all legal and ethical standards are adhered to. The broker of record plays a crucial role in the supervision of real estate activities within the brokerage, making sure that all regulations and rules set out by REBBA are followed effectively.