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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The REBBA Code of Ethics is best described as:

A code of morals
A voluntary code for registrants
A culture-specific code
A code established under statutory law
A legally binding agreement
A guideline for best practices

The correct answer is: A code established under statutory law

The REBBA Code of Ethics, which stands for the Real Estate and Business Brokers Act, is a code established under statutory law. This means that it is not voluntary but rather a legal requirement for registrants in the real estate industry in Ontario. The code sets out the ethical obligations and standards of conduct that real estate professionals must follow in their practice. It carries legal consequences and is enforceable by regulatory authorities.