Humber/Ontario Real Estate Course 1 Exam Practice

Which of the following statements regarding the Ontario Real Estate Association (OREA) is NOT correct?

1. Operates the Multiple Listing Service in Ontario.

2. Lobbies the provincial government on issues affecting membership.

3. Supports charitable causes through the Ontario REALTORS® Care Foundation.

4. Provides standardized forms and contractual clauses.

5. Engages in member education and professional development.

6. Oversees real estate licensing examinations.

The correct answer is: Operates the Multiple Listing Service in Ontario.

The identification of the statement regarding the Ontario Real Estate Association (OREA) that is not correct can be clarified by understanding the role and functions of OREA. OREA indeed supports various initiatives aimed at enhancing the real estate profession in Ontario, such as lobbying the provincial government to represent its members' interests, supporting charitable initiatives through the Ontario REALTORS® Care Foundation, providing standardized forms and contractual clauses to facilitate real estate transactions, and engaging in education and professional development for its members. However, OREA does not operate the Multiple Listing Service (MLS) itself; instead, the MLS is generally managed by local real estate boards or associations. While OREA is involved in providing resources and tools to its members, the direct management and operation of the MLS are handled by these local entities, making any statements about OREA operating the MLS inaccurate. Furthermore, real estate licensing examinations in Ontario are overseen by the Real Estate Council of Ontario (RECO), not OREA. In summary, the clarification of roles and functions indicates that while OREA is actively involved in several supportive activities for its members, the operation of the MLS and oversight of licensing examinations is not one of its responsibilities.