Ontario Real Estate Licensing Exam Practice · Question
Prior to December 2023, what was the primary legislation governing real estate in Ontario?
Before the full implementation of TRESA in December 2023, the Real Estate and Business Brokers Act, 2002 (REBBA) was the foundational legislation for real estat
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Question: Prior to December 2023, what was the primary legislation governing real estate in Ontario?
Answer options: ✅ The Real Estate and Business Brokers Act, 2002 (REBBA)
- The Trust in Real Estate Services Act, 2023 (TRESA)
- The Ontario Business Corporations Act
- The Mortgages Act
Correct answer: The Real Estate and Business Brokers Act, 2002 (REBBA)
Explanation: Before the full implementation of TRESA in December 2023, the Real Estate and Business Brokers Act, 2002 (REBBA) was the foundational legislation for real estate professionals in Ontario.
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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?
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