Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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How does REBBA classify the personal investment activities of a real estate salesperson involving rental properties?

Acquisition or divestiture by a registrant.
Acquiring/conveying by a representative.
Buying/selling by a salesperson.
Informal trading.
Investment transactions.
Personal trading.

The correct answer is: Acquisition or divestiture by a registrant.

REBBA (Real Estate and Business Brokers Act) classifies the personal investment activities of a real estate salesperson involving rental properties as "Acquisition or divestiture by a registrant." This classification highlights the importance of transparency and accountability in real estate transactions, ensuring that any property acquisitions or dispositions by a real estate salesperson are conducted in compliance with the regulations outlined in REBBA. It distinguishes these activities from their professional duties as a registrant and emphasizes the need for clear disclosure and documentation.