Ontario Real Estate Licensing Exam Practice · Question
An individual wants to become a registered real estate salesperson in Ontario. They have successfully completed all education requirements with Humber College and passed the RECO exam. What is the next mandatory step before they can legally trade in real estate as a salesperson?
To register as a real estate salesperson in Ontario, an individual must be employed by a registered brokerage. Salespersons cannot trade in real estate independ
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Question: An individual wants to become a registered real estate salesperson in Ontario. They have successfully completed all education requirements with Humber College and passed the RECO exam. What is the next mandatory step before they can legally trade in real estate as a salesperson?
Answer options: ✅ They must be employed by a registered real estate brokerage.
- They must obtain professional liability insurance from a private provider.
- They must complete an additional 12-month mentorship program.
- They must register their own independent brokerage with RECO.
Correct answer: They must be employed by a registered real estate brokerage.
Explanation: To register as a real estate salesperson in Ontario, an individual must be employed by a registered brokerage. Salespersons cannot trade in real estate independently, as mandated by the Trust in Real Estate Services Act, 2002 (TRESA).
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