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 of the following is NOT a correct statement regarding a person leasing property under the Residential Tenancies Act?

The person is exempt under REBBA.
The person is required to be registered with a real estate brokerage.
The person is exempt under REBBA and is also exempt if they lease commercial property under the Commercial Tenancies Act.
The person is considered a property manager and must be registered under REBBA.
The person follows the guidelines outlined by RECO.
The person can lease both residential and commercial properties if exempt.

The correct answer is: The person is required to be registered with a real estate brokerage.

The statement that a person leasing property under the Residential Tenancies Act is required to be registered with a real estate brokerage is inaccurate. Under the Residential Tenancies Act, individuals who are leasing their own property do not need to register with a brokerage, as the Act primarily governs the relationships between landlords and tenants rather than the requirements for real estate professionals. In a broader context, individuals leasing residential property are not typically seen as real estate professionals and therefore are not bound by the same regulatory requirements as someone engaged in a licensed real estate transaction. This is important in differentiating casual or private leasing arrangements from those that fall under professional real estate practice, which are subject to the Real Estate and Business Brokers Act (REBBA). The other statements, while they may contain specific truths regarding exemptions and requirements under real estate laws, highlight the general understanding that not all leasing activities fall within the purview of regulated real estate practices if one is leasing personal property.