Ontario Real Estate Licensing Exam Practice · Question
Under TRESA, who is ultimately responsible for ensuring that a real estate brokerage and its employed salespersons comply with the Act?
The broker of record holds the primary responsibility for the overall compliance of the brokerage and all associated salespersons and brokers with TRESA and its
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Question: Under TRESA, who is ultimately responsible for ensuring that a real estate brokerage and its employed salespersons comply with the Act?
Answer options: ✅ The broker of record for the brokerage.
- Each individual salesperson.
- The Real Estate Council of Ontario (RECO).
- The Minister of Public and Business Service Delivery.
Correct answer: The broker of record for the brokerage.
Explanation: The broker of record holds the primary responsibility for the overall compliance of the brokerage and all associated salespersons and brokers with TRESA and its regulations.
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