Humber/Ontario Real Estate Course 1 Exam Practice

What is an organization designated by Ontario to administer the Real Estate and Business Brokers Act and its regulations?

1. Administrative authority

2. Approved provider

3. Designate

4. Governing body

5. Provincial regulator

6. Real estate commission

The correct answer is: Administrative authority

In Ontario, the organization designated to administer the Real Estate and Business Brokers Act and its regulations is referred to as the Administrative authority. This entity is responsible for overseeing the compliance and enforcement of real estate regulations in the province. Option B, Approved provider, typically refers to an institution approved to provide educational courses or training for real estate professionals but is not the designated organization for administering regulations. Option C, Designate, does not specifically refer to an organization but rather to the act of appointing or assigning a particular role or responsibility. Option D, Governing body, is a more general term that could be applied to various organizations responsible for overseeing specific industries or professions, but it does not directly relate to the specific organization designated to administer real estate regulations in Ontario. Option E, Provincial regulator, is a broad term that could apply to various regulatory bodies overseeing different industries in the province. While it may be involved in overseeing real estate to some extent, it does not directly correspond to the designated organization for administering the Real Estate and Business Brokers Act in Ontario. Option F, Real estate commission, usually refers to a board or agency responsible for regulating and licensing real estate agents and brokers, but in the context of Ontario real estate regulations, the Administrative authority