Humber/Ontario Real Estate Course 1 Exam Practice

Which term is associated with an organization administering Real Estate regulations?

1. Administrative authority

2. Approved council

3. Certified group

4. Endorsed organization

5. Recognized society

6. Sanctioned board

The correct answer is: Administrative authority

The term "Administrative authority" is indeed the correct choice when it comes to an organization that administers real estate regulations. This term refers to a government agency or body that has the power to implement and enforce laws and regulations regarding real estate practices. Such authorities are responsible for overseeing the operation of real estate professionals, ensuring compliance with applicable laws, and maintaining standards within the industry. They play a crucial role in protecting consumers and maintaining the integrity of the real estate market. The other options, although they may sound related, do not specifically denote an official capacity to administer real estate regulations. For example, terms like "approved council," "certified group," "endorsed organization," "recognized society," and "sanctioned board" may imply some form of recognition or approval but lack the explicit authority to regulate and enforce laws. These terms could refer to associations or groups that support real estate professionals in various capacities, but they do not directly tie to the governance and regulatory functions needed in real estate administration.