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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When a salesperson fails to handle a deposit properly, what immediate step can the Registrar take?

Initiate a formal training program for the salesperson.
Report the issue to local law enforcement.
Suspend the salesperson's registration immediately.
Mandate immediate account reconciliation.
Notify the buyer directly.
Issue a written warning.

The correct answer is: Suspend the salesperson's registration immediately.

When a salesperson fails to handle a deposit properly, the immediate step the Registrar can take is to suspend the salesperson's registration immediately. This action is necessary to protect the public interest and maintain the integrity of the real estate profession. By suspending the salesperson's registration, the Registrar ensures that the individual cannot continue to conduct real estate transactions until the matter is fully investigated and resolved. Options A, D, E, and F are not the immediate steps the Registrar would take in this situation. While training and reconciliation of accounts may be necessary in the long run, suspending the registration is the most urgent measure to address the mishandling of the deposit. It is also not the responsibility of the Registrar to report the issue to local law enforcement unless there is evidence of criminal activity.