Ontario Real Estate Licensing Exam Practice · Question
A real estate salesperson in Ontario must register with which entity to legally trade in real estate?
To legally trade in real estate in Ontario, all salespersons and brokers must be registered with the Real Estate Council of Ontario (RECO) under the authority o
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Question: A real estate salesperson in Ontario must register with which entity to legally trade in real estate?
Answer options: ✅ The Real Estate Council of Ontario (RECO)
- The Ontario Real Estate Association (OREA)
- The Canadian Real Estate Association (CREA)
- The provincial government's Ministry of Finance
Correct answer: The Real Estate Council of Ontario (RECO)
Explanation: To legally trade in real estate in Ontario, all salespersons and brokers must be registered with the Real Estate Council of Ontario (RECO) under the authority of TRESA.
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- A buyer is considering a mortgage product that allows them to prepay a portion of their principal at any time
- A commercial property in Toronto is sold for $2,000,000. The vendor is an HST registrant. What is the buyer's
- What is the primary purpose of registering a deed under the Registry Act in Ontario?
- What is the primary role of a 'title search' in a residential real estate transaction in Ontario?
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