Ontario Real Estate Licensing Exam Practice · Question
Which Act currently governs real estate trading in Ontario?
TRESA (Trust in Real Estate Services Act) replaced REBBA 2002 in Ontario.
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Question: Which Act currently governs real estate trading in Ontario?
Answer options:
- REBBA 2002 ✅ TRESA
- Real Estate Act
- RESA
Correct answer: TRESA
Explanation: TRESA (Trust in Real Estate Services Act) replaced REBBA 2002 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?
- What is the primary role of a 'title search' in a residential real estate transaction in Ontario?
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