Humber/Ontario Real Estate Course 1 Exam Practice

A prospective salesperson has finished the pre-registration education requirements and is submitting a registration application to RECO. Which of the following is an accurate statement about that application?

1. RECO will not accept the application without a Canadian criminal record check.

2. The prospective salesperson can opt-out of the RECO insurance program by attaching a signed statement declining the insurance.

3. The prospective salesperson is ineligible to apply for registration if there is a previous bankruptcy.

4. The prospective salesperson must find a brokerage prior to submitting the application to RECO.

The correct answer is: The prospective salesperson must find a brokerage prior to submitting the application to RECO.

The correct response is based on the requirement that a prospective salesperson must have a brokerage before submitting their registration application to the Real Estate Council of Ontario (RECO). This step is critical as the real estate profession operates under the framework of registered brokerages, which provide the necessary support, resources, and legal structure for salespeople. By securing a brokerage first, the prospective salesperson ensures they are aligned with an organization that can sponsor their application and help guide them through the registration process. This relationship is essential for compliance with the rules and regulations that govern real estate practice in Ontario. While there may be requirements related to criminal record checks, insurance programs, and financial history, the primary condition that aligns with the registration process is the need for the applicant to be associated with a brokerage at the time of application.