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!

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!

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What does a real estate salesperson need to trade in real estate once their application to RECO is accepted?

Must wait for final approval even if the application is confirmed as received.
Can only start trading under the direct supervision of a licensed broker.
Can begin trading immediately upon RECO registration confirmation.
Needs to complete additional in-house brokerage training.
Can trade only in residential real estate initially.
Can start trading only after completing a mandatory mentorship program.

The correct answer is: Can begin trading immediately upon RECO registration confirmation.

The correct choice indicates that a real estate salesperson can begin trading immediately upon receiving confirmation of their registration with the Real Estate Council of Ontario (RECO). Once the application is accepted and processed, the individual is considered fully registered and licensed to operate in real estate transactions. This approval signifies that they have met all necessary requirements set forth by RECO to engage in activities related to buying, selling, or leasing property. When a salesperson receives that confirmation, it means they are compliant with all the regulations and training mandated by RECO, enabling them to start their professional practice without any further delays or prerequisites. This promotes a smoother transition into the real estate market for newly registered salespersons and allows them to start building their careers immediately. While other options suggest various conditions or additional requirements, such as in-house training or mentorship programs, these are not mandatory barriers to starting trade immediately upon receiving the confirmation of registration.