Ontario Real Estate Licensing Exam Practice · Question
Under TRESA, 2023, what is the primary role of the Real Estate Council of Ontario (RECO)?
RECO's primary role, as established by TRESA, 2023 (formerly REBBA, 2002), is to regulate the real estate profession in Ontario to protect the public interest.
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Question: Under TRESA, 2023, what is the primary role of the Real Estate Council of Ontario (RECO)?
Answer options: ✅ To regulate real estate brokerages, brokers, and salespersons in Ontario.
- To represent the interests of real estate consumers in purchase negotiations.
- To provide property valuation and appraisal services to the public.
- To directly mediate all contractual disputes between buyers and sellers.
Correct answer: To regulate real estate brokerages, brokers, and salespersons in Ontario.
Explanation: RECO's primary role, as established by TRESA, 2023 (formerly REBBA, 2002), is to regulate the real estate profession in Ontario to protect the public interest. This includes registering individuals and brokerages, conducting inspections, and enforcing the Act.
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