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!

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When can Peterson commence trading on behalf of her employing brokerage after her registration is approved by the Registrar?

After insurance premium is settled
As soon as the application is sent
Immediately
Once the certificate of registration is obtained
Upon approval of the application
After conducting a background check

The correct answer is: Once the certificate of registration is obtained

Once Peterson obtains the certificate of registration, she can commence trading on behalf of her employing brokerage. This certificate is a crucial document that validates her registration as a real estate salesperson in Ontario. It signifies that she has met all the necessary requirements and obligations to conduct real estate transactions legally. Therefore, without this certificate, Peterson is not authorized to engage in any real estate activities. It is only after this specific document is obtained that she can officially start trading on behalf of her employing brokerage.