Humber/Ontario Real Estate Course 1 Exam Practice

If Broker Jensen’s sibling has invested in her brokerage and influences major decisions, how would the Registrar classify the sibling?

1. An associate broker.

2. A general partner.

3. A limited partner.

4. An interested person.

5. A managing partner.

6. A silent investor.

The correct answer is: An interested person.

In this scenario, the correct classification for Broker Jensen's sibling, who has invested in her brokerage and influences major decisions, would be as an "interested person." An interested person is someone who has a direct or indirect financial interest in a real estate transaction and may benefit from its outcome. In this case, since the sibling has invested in the brokerage and exerts influence over major decisions, they would fall under this classification. The other options are not the most appropriate in this context: - An associate broker typically refers to a licensed real estate professional who works under a managing broker. - A general partner is someone who is actively involved in the management of a partnership and shares unlimited liability for the partnership's debts. - A limited partner is a partner who has limited liability and usually does not participate in the day-to-day operations of the business. - A managing partner is someone who is responsible for the management and operations of a partnership. - A silent investor is an individual who invests in a business but does not have any active role in its management or operations.