Ontario Real Estate Licensing Exam Practice · Question
Under TRESA, what is the primary role of the Real Estate Council of Ontario (RECO)?
RECO's primary role, as mandated by TRESA, is to administer the Act, enforce professional standards, and ensure consumer protection within Ontario's real estate
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Question: Under TRESA, what is the primary role of the Real Estate Council of Ontario (RECO)?
Answer options: ✅ To regulate the real estate profession and protect the public interest.
- To establish standard commission rates for real estate transactions.
- To provide property valuation services to the public.
- To manage and invest real estate portfolios for clients.
Correct answer: To regulate the real estate profession and protect the public interest.
Explanation: RECO's primary role, as mandated by TRESA, is to administer the Act, enforce professional standards, and ensure consumer protection within Ontario's real estate sector.
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