Ontario Real Estate Licensing Exam Practice · Question
A real estate broker is found to have breached the REBBA 2002 Code of Ethics. What is the maximum fine that RECO's Discipline Committee can impose for this infraction?
Under REBBA 2002, the Discipline Committee has the authority to impose a maximum fine of $50,000 on a brokerage or broker for a breach of the Code of Ethics or
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Question: A real estate broker is found to have breached the REBBA 2002 Code of Ethics. What is the maximum fine that RECO's Discipline Committee can impose for this infraction?
Answer options:
- $10,000
- $25,000 ✅ $50,000
- $100,000
Correct answer: $50,000
Explanation: Under REBBA 2002, the Discipline Committee has the authority to impose a maximum fine of $50,000 on a brokerage or broker for a breach of the Code of Ethics or other provisions of the Act.
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