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 is a primary duty of the Real Estate Council of Ontario (RECO)?

To offer real estate loans
To conduct property appraisals
To represent only commercial real estate agents
To enforce compliance with REBBA
To fund real estate development projects
To publish real estate market trends

The correct answer is: To enforce compliance with REBBA

The primary duty of the Real Estate Council of Ontario (RECO) is to enforce compliance with the Real Estate and Business Brokers Act (REBBA). RECO is responsible for regulating the real estate industry in Ontario and ensuring that real estate professionals comply with REBBA's rules and regulations to protect consumers and maintain the integrity of the real estate market. Options A, B, C, E, and F are incorrect because they do not align with RECO's main mandate of enforcing compliance with REBBA.