Humber/Ontario Real Estate Course 1 Exam Practice

Who can act as a broker of record?

1. A registered real estate broker

2. A salesperson with over 10 years of experience

3. A salesperson who is the brokerage owner

4. A salesperson with a completed broker course

5. A part-time salesperson

6. An administrative assistant with real estate knowledge

The correct answer is: A registered real estate broker

The role of a broker of record is specifically designated to a registered real estate broker. This is due to the legal and professional responsibilities that come with this position, which include overseeing the activities of salespersons and ensuring compliance with regulations. Only individuals who have completed the necessary education and registration as brokers are qualified for this significant responsibility, making them the most suitable choice for this role. Other options, while they may highlight individuals with various levels of experience or specific positions within a brokerage, do not meet the essential requirement of being a registered broker. For example, salespersons, regardless of their experience or additional courses completed, are not authorized to act as a broker of record unless they have transitioned to a registered broker status. This reinforces the importance of having the appropriate qualifications and registrations within the real estate industry.