Humber/Ontario Real Estate Course 1 Exam Practice

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Which statement is NOT correct about the pre-registration program and the RECO insurance program?

  1. Application for registration with RECO must be made within 24 months after completing the pre-registration program

  2. RECO Insurance Program covers consumer and registrant protections

  3. Salesperson and broker registrants must participate in the RECO Insurance Program

  4. The pre-registration program includes five courses and two simulations

  5. Understanding legal frameworks is part of pre-registration

  6. Working at a brokerage is a required component of the pre-registration program

The correct answer is: Working at a brokerage is a required component of the pre-registration program

The assertion that working at a brokerage is a required component of the pre-registration program is inaccurate. The pre-registration program primarily focuses on the necessary coursework and simulations that aspiring registrants must complete. While having practical experience at a brokerage is beneficial and may be a goal for many students, it is not a formal requirement to complete the pre-registration program itself. In contrast, the other statements accurately reflect key aspects of the real estate registration process in Ontario. For instance, applicants must register with RECO within a specified timeframe after completing their coursework, and the RECO Insurance Program is in place primarily to safeguard both consumers and registrants. Additionally, participation in the insurance program is mandatory for registrants, and the pre-registration program indeed encompasses a series of courses, including the study of legal frameworks essential for understanding the industry.

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