Humber/Ontario Real Estate Course 1 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 1 Exam with tailored quizzes and study materials. Test your knowledge with multiple-choice questions designed to help you excel in your real estate career. Get ready to pass your exam with confidence!

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What action may the Real Estate Council of Ontario (RECO) take if a registrant breaches the REBBA Code of Ethics?

Issue a refund to the client.
Levy a fine on the registrant.
Terminate the brokerage's license only.
Revoke the brokerage's membership.

The correct answer is: Levy a fine on the registrant.

The Real Estate Council of Ontario (RECO) has the authority to protect the public interest and ensure that real estate registrants adhere to the REBBA Code of Ethics. When a registrant breaches this code, RECO may impose penalties, which can include levying a fine on the registrant. This fine serves both as a punitive measure and a deterrent to prevent future violations. By enforcing financial penalties, RECO emphasizes the importance of compliance with professional standards in the real estate industry. Other actions, such as issuing refunds, terminating a brokerage's license, or revoking a brokerage's membership, are not standard responses to a breach of ethics at the individual registrant level. Refunds typically relate to transactional disputes rather than ethical breaches. Termination of a brokerage's license or membership would be considered more severe measures that might apply to broader issues or repeating offenses at the brokerage level, rather than directly addressing a specific registrant's actions. Thus, the imposition of a fine is the correct and standard action taken by RECO in response to ethical breaches.