Humber/Ontario Real Estate Course 1 Exam Practice

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Which act governs the licensing and regulation of property managers in Ontario?

  1. Real Estate Business Brokers Act

  2. Condominium Act

  3. Property Management Services Act

  4. Condominium Management Services Act

  5. Landlord and Tenant Act

  6. Ontario Housing Act

The correct answer is: Condominium Management Services Act

The correct act that governs the licensing and regulation of property managers in Ontario is the Condominium Management Services Act. This legislation specifically addresses the management of condominium properties and provides a framework for the licensing of individuals and companies that provide condominium management services. Property managers, especially in the context of condominiums, must adhere to the regulations set out in this act to ensure they operate within the legal and professional standards required in the industry. The act outlines the necessary qualifications, the responsibilities of property managers, and the regulatory body overseeing compliance. The other acts mentioned may govern various aspects of real estate or landlord-tenant relationships but do not specifically address the licensing and regulation of property management services in the same focused manner as the Condominium Management Services Act.

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