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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Which describes the role of the Real Estate Council of Ontario (RECO)?

It is a 'for profit' corporation.
It is appointed by the government as an administrative authority.
It handles registration but not continuing education.
Its Board of Directors is entirely made up of RECO registrants.
It is an independent regulatory body.
It functions as a real estate advocacy group.

The correct answer is: It is appointed by the government as an administrative authority.

The correct answer is B: It is appointed by the government as an administrative authority. The Real Estate Council of Ontario (RECO) is not a 'for profit' corporation, so option A is incorrect. While RECO does handle registration for real estate professionals, it also oversees continuing education, making option C incorrect. Option D is incorrect because while some RECO registrants may be part of the Board of Directors, it is not entirely made up of them. Option E is also incorrect because RECO is an independent regulatory body, not an advocacy group as mentioned in option F.