Humber/Ontario Real Estate Course 1 Exam Practice

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What is the consequence of not renewing a real estate license on time under REBBA?

  1. Automatic renewal with penalty

  2. License becomes inactive

  3. License can still be used during the grace period

  4. Must retake the pre-registration courses

  5. Temporary suspension followed by auto-renewal

  6. Written warning from the Registrar

The correct answer is: License becomes inactive

The correct answer is that the license becomes inactive. Under the Real Estate and Business Brokers Act (REBBA), if a real estate professional does not renew their license before the expiration date, they cannot engage in any real estate activities. The inactive status means that the individual is not authorized to represent clients or conduct transactions until they have successfully renewed their license. This policy helps ensure that all practicing real estate professionals maintain current qualifications and are up-to-date with regulatory requirements, ultimately protecting consumers and the integrity of the industry. Other options suggest situations like automatic renewals or temporary suspensions which do not align with REBBA regulations. The act clearly mandates that failure to renew results in inactivity until the renewal is processed.

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