Humber/Ontario Real Estate Course 1 Exam Practice

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What is required for a new branch office to be compliant under REBBA?

  1. Any broker can manage the branch office

  2. Initial satellite branches for location assessment are permitted

  3. A broker registrant must be designated as the broker of record

  4. The branch manager must ensure compliance with REBBA

  5. Approval from the local real estate board is sufficient

  6. No special registration is needed for new branch offices

The correct answer is: The branch manager must ensure compliance with REBBA

The correct answer is D. The branch manager must ensure compliance with REBBA. This requirement is crucial for a new branch office to be compliant with the Real Estate and Business Brokers Act (REBBA). The branch manager plays a key role in ensuring that all activities and transactions carried out at the branch office adhere to the regulations and guidelines set forth by REBBA. Option A is incorrect because not just any broker can manage the branch office; a broker registrant must be designated as the broker of record to ensure compliance with REBBA. Option B is incorrect because initial satellite branches for location assessment are not permitted under REBBA. Option C is incorrect because it states that a broker registrant must be designated as the broker of record, which is correct, but this is not the main requirement for compliance. Option E is incorrect because approval from the local real estate board is not sufficient for compliance with REBBA. Option F is incorrect because special registration is indeed needed for new branch offices to comply with the regulations.

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