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 does the acronym RECO stand for in the context of Ontario real estate?

Real Estate Compliance Ontario
Real Estate Council of Ontario
Real Estate Certification Ontario
Real Estate Corporation of Ontario
Real Estate Coordination Office
Real Estate Code of Ontario

The correct answer is: Real Estate Council of Ontario

The acronym RECO stands for the Real Estate Council of Ontario. This organization is responsible for regulating the real estate profession within the province, ensuring that standards are upheld for real estate agents and brokers. RECO's mandate includes licensing, enforcing professional conduct, and protecting the interests of consumers in real estate transactions. By providing oversight, RECO helps maintain ethical practices and fosters professionalism in the industry. Understanding the role of RECO is essential for anyone involved in Ontario’s real estate market, whether as a professional or a consumer.