Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following is NOT a responsibility of RECO in protecting public interest?

1. Setting education requirements

2. Handling complaints

3. Conducting inspections

4. Overseeing REBBA

5. Enforcing ethical standards among agents

6. Licensing of new real estate professionals

The correct answer is: Conducting inspections

The role of the Real Estate Council of Ontario (RECO) is primarily focused on protecting the public interest within the real estate sector. This encompasses various responsibilities that promote professionalism, ensure compliance with legislation, and enhance consumer protection. Conducting inspections is not typically a responsibility assigned to RECO in the same way that the other duties are structured. Instead, RECO’s primary functions revolve around setting education requirements for real estate professionals, licensing new agents, handling complaints from consumers, overseeing the Real Estate and Business Brokers Act (REBBA), and enforcing ethical standards. These responsibilities are critical for maintaining a high level of professionalism and accountability within the industry. While inspections may be a part of regulatory oversight in other sectors, RECO relies on different mechanisms, such as license compliance and ethical oversight, to ensure the conduct of real estate professionals meets the required standards. Therefore, the act of conducting inspections is not part of the core responsibilities RECO assumes in its mandate to protect the public interest in real estate transactions.