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 the primary purpose of the Real Estate Council of Ontario (RECO)?

To provide financial assistance to real estate professionals
To handle real estate transactions on behalf of consumers
To regulate the real estate profession in the public interest
To resolve disputes among real estate professionals

The correct answer is: To regulate the real estate profession in the public interest

The primary purpose of the Real Estate Council of Ontario (RECO) is to regulate the real estate profession in the public interest. RECO is responsible for enforcing the Real Estate and Business Brokers Act, 2002 (REBBA 2002) and its code of ethics, ensuring that real estate professionals in Ontario conduct themselves ethically and in compliance with the law. The other options are incorrect as RECO does not provide financial assistance to real estate professionals, handle real estate transactions on behalf of consumers, or exclusively resolve disputes among real estate professionals.