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

The correct answer is that a new registration for a salesperson applicant is completed by RECO when the RECO insurance premium is paid. This payment is a crucial step because the insurance is part of the requirements for maintaining a valid registration for real estate professionals in Ontario. The premium ensures that the salesperson is covered by the necessary liability insurance, which is a foundational requirement for all real estate salespeople in the province.

The completion of other courses, criminal record checks, and facilitated review sessions are indeed important components of the overall registration process, but they do not finalize the registration. The registration becomes complete specifically upon the payment of the RECO insurance premium. This premium essentially signifies that the salesperson is ready and authorized to practice, marking the transition from training and examination to active registration in the real estate industry.