Humber/Ontario Real Estate Course 1 Exam Practice 2025 - Free Real Estate Course 1 Practice Questions and Study Guide

Question: 1 / 890

Which of these is NOT a valid exemption for non-registrants trading real estate?

Salaried salesperson for a home builder

Auctioneer performing auction duties

Lawyer providing legal services

Financial advisor processing estate sales

The correct answer is D because a financial advisor processing estate sales is not a valid exemption for non-registrants trading real estate. In Ontario, individuals who trade in real estate, which includes activities such as selling, leasing, or buying real estate on behalf of others, are required to be registered with the Real Estate Council of Ontario (RECO) unless they fall under specific exemptions. The other options listed are valid exemptions for non-registrants trading real estate.

A salaried salesperson for a home builder, an auctioneer performing auction duties, a lawyer providing legal services, a property manager negotiating leases, and a personal assistant managing real estate duties are all roles that are exempt from registration when conducting real estate transactions. It is important to understand these exemptions to ensure compliance with the regulations outlined by RECO in Ontario.

Get further explanation with Examzify DeepDiveBeta

Property manager negotiating leases

Personal assistant managing real estate duties

Next Question

Report this question

Download Humber/Ontario Real Estate Course 1 Exam Practice 2025 - Free Real Estate Course 1 Practice Questions and Study Guide PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy