Humber/Ontario Real Estate Course 1 Exam Practice

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What is a primary duty of the Real Estate Council of Ontario (RECO)?

  1. To offer real estate loans

  2. To conduct property appraisals

  3. To represent only commercial real estate agents

  4. To enforce compliance with REBBA

  5. To fund real estate development projects

  6. To publish real estate market trends

The correct answer is: To enforce compliance with REBBA

The primary duty of the Real Estate Council of Ontario (RECO) is to enforce compliance with the Real Estate and Business Brokers Act (REBBA). RECO is responsible for regulating the real estate industry in Ontario and ensuring that real estate professionals comply with REBBA's rules and regulations to protect consumers and maintain the integrity of the real estate market. Options A, B, C, E, and F are incorrect because they do not align with RECO's main mandate of enforcing compliance with REBBA.

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