Humber/Ontario Real Estate Course 1 Exam Practice

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Who is employed by a real estate brokerage according to REBBA?

  1. An independent property inspector.

  2. An appraiser.

  3. A broker.

  4. A mortgage lender.

  5. A contractor.

  6. A title insurance agent.

The correct answer is: A broker.

According to the Real Estate and Business Brokers Act (REBBA), a broker is the individual who is employed by a real estate brokerage. A broker is responsible for overseeing real estate transactions, conducting negotiations, and ensuring compliance with all real estate laws and regulations. The other options listed, such as an independent property inspector, appraiser, mortgage lender, contractor, and title insurance agent, typically work independently or for different entities within the real estate industry, but they are not directly employed by a real estate brokerage as a broker would be.

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