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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In the event of a serious complaint involving financial damage against a salesperson or broker, what action may the Registrar take?

Cannot refer the matter to law enforcement authorities.
Could pursue prosecution under the Provincial Offences Act.
Can order suspension but cannot issue a Registrar's Notice of Proposal.
Only has two options: either immediate suspension or issue a Registrar's Notice of Proposal.

The correct answer is: Can order suspension but cannot issue a Registrar's Notice of Proposal.

In the event of a serious complaint involving financial damage against a salesperson or broker, the Registrar may take action by ordering a suspension and issuing a Registrar's Notice of Proposal. This allows the Registrar to temporarily suspend the individual from practicing real estate while conducting a thorough investigation into the matter. Both options - suspension and issuing a Registrar's Notice of Proposal - provide the Registrar with the necessary tools to address the complaint effectively and protect the interests of consumers and the reputation of the real estate profession.