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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What does REBBA require for a registrant to earn remuneration?

Must have a signed written representation agreement with the seller.
Can take legal action to recover due remuneration.
Remuneration is guaranteed regardless of agreements.
Must have a signed written representation agreement with the buyer.
Cannot take legal action if remuneration is contested.
Requires a written approval from a legal authority.

The correct answer is: Can take legal action to recover due remuneration.

REBBA requires a registrant to be able to take legal action to recover due remuneration. This emphasizes the importance of having a clear agreement in place to outline the terms of remuneration and the services provided. This option highlights the professional responsibility and legal recourse available to registrants in case of disputes regarding remuneration. Options A, C, D, and E are not correct because they do not accurately reflect the requirements of REBBA for earning remuneration. Option F is also incorrect as it does not align with the standard procedures outlined by REBBA in relation to earning remuneration.