Humber/Ontario Real Estate Course 1 Exam Practice

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

What is the role of the Real Estate Council of Ontario?

Regulating real estate conduct and compliance.
Setting property tax rates.
Approving building permits.
Conducting land surveys.
Assessing environmental impacts of developments.
Issuing real estate licenses.

The correct answer is: Regulating real estate conduct and compliance.

The Real Estate Council of Ontario (RECO) plays a crucial role in regulating real estate practices and ensuring compliance within the industry. This organization is responsible for enforcing the rules set forth by the Real Estate and Business Brokers Act, which is designed to protect consumers and maintain a high standard of conduct among real estate professionals. One of RECO’s primary functions includes overseeing the activities of real estate brokers and salespersons, ensuring they adhere to legal and ethical standards. They also handle complaints made against licensees, manage the education and continuing education of real estate professionals, and offer resources to help agents and brokers keep up to date with industry practices and regulations. While other options mention activities related to real estate, like setting tax rates or issuing licenses, these do not encapsulate the full scope of RECO's governance role in establishing and enforcing standards in real estate transactions within Ontario.