Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber Real Estate Course 1 Exam. Access our quiz with multiple choice questions and detailed explanations. Boost your readiness for the exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which type of insurance coverage must all registrants under the RECO Insurance Program have?

Life insurance.
Mandatory coverage as specified by RECO.
Optional coverage based on individual needs.
Health insurance.
Property insurance for personal assets.
Travel insurance for work-related travel.

The correct answer is: Mandatory coverage as specified by RECO.

All registrants under the RECO Insurance Program are required to have mandatory coverage as specified by RECO. This insurance coverage is compulsory for all registrants to ensure they have adequate protection while conducting real estate transactions. It is essential to adhere to the specific requirements set by RECO to uphold professionalism and protect the interests of both the registrants and their clients. The other options (A, C, D, E, F) are not mandatory insurance coverage required by RECO for registrants under the program.