Humber/Ontario Real Estate Course 1 Exam Practice

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What is a requirement for someone to be a broker of record in a brokerage?

  1. Must be appointed by the Real Estate Council

  2. Is not directly involved in REBBA compliance

  3. Must be a broker registrant employed by the brokerage

  4. Must solely handle internal brokerage administration

  5. Must be a member of organized real estate

  6. Is selected by the Province's Real Estate Board

The correct answer is: Must be a broker registrant employed by the brokerage

To be a broker of record in a brokerage, one of the requirements is that the individual must be a broker registrant employed by the brokerage. This is crucial because a broker of record is responsible for ensuring that the brokerage and its salespeople are compliant with the Real Estate and Business Brokers Act (REBBA) and other regulations governing real estate transactions. By being a broker registrant employed by the brokerage, the individual has a direct connection to the operations of the brokerage and can effectively manage and oversee the real estate activities within the brokerage. Options A, B, D, E, and F are not correct because they do not accurately reflect the specific requirement of being a broker registrant employed by the brokerage to qualify as a broker of record.

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