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 statement best describes the relationship between a broker and a salesperson?

  1. Are differentiated by the client services that they provide to buyers and sellers.

  2. Both meet the necessary qualifications to be a broker of record.

  3. Have the legal capacity to trade in real estate on their own behalf.

  4. Are not agents, but rather representatives of the agent (the brokerage).

  5. Are responsible for supervising each other's activities.

  6. Can only specialize in one type of real estate market.

The correct answer is: Are not agents, but rather representatives of the agent (the brokerage).

The choice that accurately captures the nature of the relationship between a broker and a salesperson is that they are representatives of the agent, which is the brokerage. In real estate, a broker holds the higher-level license and has the authority to operate independently, while salespersons work under the direction and supervision of a broker. This delineation indicates that salespersons do not have the autonomy to act independently in the real estate market; instead, they must operate within the framework established by their broker and, by extension, the brokerage. This relationship underscores the importance of the brokerage in the real estate transaction process, where the broker guides the salespersons and ensures compliance with legal and ethical standards. Therefore, the broker's role is crucial in providing oversight and support to salespersons, who conduct transactions on behalf of clients under the brokerage's name. Other options do not effectively convey the hierarchical and interdependent relationship that is central to the functioning of real estate professionals within a brokerage context. For instance, discussing responsibilities for supervising each other's activities implies a level of equality that doesn't exist, as the broker supervises the salesperson's actions. Similarly, stating that both meet qualifications for being a broker suggests that salespersons possess the same credentials as brokers, which is not the case.