Humber/Ontario Real Estate Course 1 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

What component is included in the RECO insurance program?

Errors and omissions protection.
Property damage liability coverage.
Vehicle insurance for realtors.
Health and safety insurance.
Cybersecurity and data breach coverage.
Natural disaster insurance.

The correct answer is: Errors and omissions protection.

The correct component included in the RECO insurance program is Errors and omissions protection. This type of insurance provides coverage for real estate professionals in case of mistakes or omissions made during the course of their duties. It protects the agent against claims of negligence, inadequate work, or failure to perform the necessary services. Options B, C, D, E, and F are incorrect as they do not accurately represent components typically included in the RECO insurance program. Property damage liability coverage, vehicle insurance for realtors, health and safety insurance, cybersecurity and data breach coverage, and natural disaster insurance are not standard inclusions in the RECO insurance program.