Ontario Real Estate Licensing Exam Practice · Question
What is the primary role of the Registrar of REBBA 2002, as governed by the Trust in Real Estate Services Act (TRESA) 2023?
The Registrar's core responsibility under REBBA 2002 (and TRESA 2023) is to manage the registration of real estate professionals and firms, and to enforce compl
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Question: What is the primary role of the Registrar of REBBA 2002, as governed by the Trust in Real Estate Services Act (TRESA) 2023?
Answer options:
- To mediate disputes between real estate registrants and their clients.
- To approve and set all commission rates for real estate transactions. ✅ To oversee the registration of individuals and brokerages and handle enforcement of the Act.
- To directly manage day-to-day operations of all real estate brokerages in Ontario.
Correct answer: To oversee the registration of individuals and brokerages and handle enforcement of the Act.
Explanation: The Registrar's core responsibility under REBBA 2002 (and TRESA 2023) is to manage the registration of real estate professionals and firms, and to enforce compliance with the Act and its regulations for consumer protection.
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