Humber/Ontario Real Estate Course 1 Exam Practice

What is permissible for handling a short-term residential rental property?

1. A landlord must rent out the property without a real estate registrant.

2. A landlord can delegate the task to an unregistered assistant in a brokerage.

3. A landlord can hire a real estate registrant for the job.

4. A real estate registrant can only handle rentals exceeding one month.

5. Short-term rentals must be managed directly by the property owner.

6. Use of an unlicensed individual to manage rental is allowed.

The correct answer is: A landlord can hire a real estate registrant for the job.

In the context of short-term residential rental properties, it is permissible for a landlord to hire a real estate registrant for the job. This option is correct because real estate registrants have the necessary knowledge, expertise, and professional standards to effectively manage short-term rentals on behalf of landlords. By hiring a real estate registrant, landlords can ensure that their properties are being rented out in a compliant and efficient manner. Options A, B, D, E, and F are incorrect: A. A landlord is not required to rent out the property without a real estate registrant. Landlords have the option to hire a real estate registrant for assistance. B. Delegating the task to an unregistered assistant in a brokerage is not recommended as it may not comply with the legal requirements for managing rental properties. D. Real estate registrants can handle both short-term and long-term rentals; they are not limited to only rentals exceeding one month. E. While landlords can manage short-term rentals directly, they are also allowed to hire a real estate registrant for professional management. F. Using an unlicensed individual to manage rentals is not allowed as it goes against the regulations and standards set for property management in Ontario.