Ontario Real Estate Licensing Exam Practice · Question
Which of the following describes the primary purpose of the REBBA 2002 Code of Ethics for real estate professionals in Ontario?
The Code of Ethics under REBBA 2002 (now TRESA) is primarily designed to ensure that real estate professionals act with integrity, honesty, and in the best inte
Start free practice for Ontario Real Estate Licensing Exam Practice
363 questions · no signup required · 40 free questions per day
Question: Which of the following describes the primary purpose of the REBBA 2002 Code of Ethics for real estate professionals in Ontario?
Answer options: ✅ To protect the public interest and ensure professional conduct.
- To outline taxation policies for real estate transactions.
- To set minimum commission rates for brokerages.
- To dictate property appraisal methodologies.
Correct answer: To protect the public interest and ensure professional conduct.
Explanation: The Code of Ethics under REBBA 2002 (now TRESA) is primarily designed to ensure that real estate professionals act with integrity, honesty, and in the best interests of the public, thereby upholding professional standards.
Start free practice for Ontario Real Estate Licensing Exam Practice
363 questions · no signup required · 40 free questions per day
More about Ontario Real Estate Licensing Exam Practice
Related Questions
- 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?
- A seller accepts a conditional offer. Before the conditions are fulfilled, the seller receives a firm, higher
- Which of the following is a common encumbrance that would be registered on title and affect a property owner's
More for Ontario Real Estate Licensing Exam Practice candidates
Study guides
Question explanations
- 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?
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Ontario Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.