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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How is the core purpose of the Real Estate Council of Ontario (RECO) best described?

Conducting inspections of real estate brokerages.
Addressing complaints against registrants.
Supporting a fair, safe, and informed real estate market for consumers.
Setting educational requirements for real estate professionals.
Overseeing all real estate transactions in Ontario.
Regulating real estate fees and commissions.

The correct answer is: Supporting a fair, safe, and informed real estate market for consumers.

The core purpose of the Real Estate Council of Ontario (RECO) is best described as supporting a fair, safe, and informed real estate market for consumers. This includes activities such as providing consumer protection, ensuring professionalism and ethical conduct in the industry, as well as promoting transparency and information for individuals participating in real estate transactions. Inspecting real estate brokerages, addressing complaints against registrants, setting educational requirements for real estate professionals, overseeing all real estate transactions in Ontario, and regulating real estate fees and commissions are not within the primary mandate of RECO and do not capture the holistic mission of supporting a fair, safe, and informed real estate market for consumers.