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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What action may the Real Estate Council of Ontario (RECO) take if a registrant breaches the REBBA Code of Ethics?

Issue a refund to the client.
Levy a fine on the registrant.
Terminate the brokerage's license only.
Revoke the brokerage's membership.

The correct answer is: Terminate the brokerage's license only.

The action that the Real Estate Council of Ontario (RECO) may take in response to a breach of the REBBA Code of Ethics includes the ability to levy a fine on the registrant. This is a key measure that RECO has at its disposal to ensure compliance with ethical standards in real estate practices. By imposing fines, RECO can address violations effectively, serving both as a punishment to the offending registrant and as a deterrent for others to prevent similar breaches in the future. In addition, RECO has various other enforcement tools available, such as suspension or revocation of a registrant's license, which can be applied when warranted. The potential consequences are designed to protect the public and maintain the integrity of the real estate profession in Ontario.