In Ontario, which organization is responsible for licensing and regulating real estate professionals?
Correct Answer
A) Real Estate Council of Ontario (RECO)
The Real Estate Council of Ontario (RECO) is the regulatory body responsible for licensing, registering, and regulating real estate professionals in Ontario under the Real Estate and Business Brokers Act. RECO ensures compliance with professional standards and consumer protection requirements.
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Under FINTRAC regulations, what is the maximum amount for which a real estate professional can accept cash payment without triggering special reporting requirements?
In Ontario, what is the minimum amount of errors and omissions insurance coverage required for registered real estate salespersons?
Which document must be provided to clients in British Columbia before any services are performed under consumer protection legislation?
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- → In Ontario, when must interest earned on deposits held in trust be paid to the client?
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