Humber/Ontario Real Estate Course 1 Exam Practice

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What is a primary duty of the broker of record in a brokerage?

  1. Directly negotiate all contracts.

  2. Supervise administrative staff exclusively.

  3. Ensure compliance with REBBA standards.

  4. Create marketing materials for the brokerage.

  5. Act as the sole contact for clients.

  6. Handle all real estate trust accounts.

The correct answer is: Ensure compliance with REBBA standards.

The primary duty of the broker of record in a brokerage is to ensure compliance with the Real Estate and Business Brokers Act (REBBA) standards. This is a fundamental responsibility, as the broker of record serves as the individual responsible for the overall operation of the brokerage and ensuring that all practices adhere to regulatory requirements. This includes overseeing transactions and practices within the brokerage to maintain legal and ethical standards within the real estate market. While other duties mentioned in the options may be part of a brokerage's operations, the obligation to comply with REBBA is vital for maintaining the integrity of the brokerage, protecting consumers, and upholding the profession's reputation. This is why ensuring compliance is considered a primary duty.

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