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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Based on your understanding of REBBA (Act and Regulations), identify the statement that is NOT correct.

A salesperson is fined for a breach of the REBBA Code of Ethics, and the result of the breach is published on the RECO website.
A salesperson violating the REBBA Code of Ethics may be fined by a Discipline Committee.
If a salesperson wanted to only read about regulatory requirements concerning remuneration, those requirements are found in the Act but not in the Regulations.
There are several Regulations in addition to the Real Estate and Business Brokers Act.

The correct answer is: If a salesperson wanted to only read about regulatory requirements concerning remuneration, those requirements are found in the Act but not in the Regulations.

Option C is not correct because the statement mentions that the regulatory requirements concerning remuneration can be found in the Act but not in the Regulations, which is inaccurate. In reality, both Acts and Regulations contain important regulatory requirements related to real estate practices, including details on remuneration. It is crucial for real estate professionals to be well-versed in both the Act and the associated Regulations to ensure compliance with all legal and ethical standards in the industry.