Humber/Ontario Real Estate Course 4 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 4 Exam. Test your knowledge with quizzes and gain valuable insights into real estate concepts, regulations, and practices essential for your success in the industry.

Practice this question and more.

What is the primary function of the Real Estate Council of Ontario (RECO)?

Issuing mortgage approvals.
Protecting consumer interests.
Designing new properties.
Conducting home inspections.
Providing legal representation for buyers and sellers.
Managing property tax assessments.

The correct answer is: Protecting consumer interests.

The primary function of the Real Estate Council of Ontario (RECO) is indeed to protect consumer interests. RECO serves as the regulatory body overseeing the real estate profession in Ontario, ensuring that real estate professionals adhere to the standards of practice and comply with the law. By doing so, RECO helps establish a framework for fair and ethical dealings in real estate transactions, promoting consumer confidence and safeguarding the rights and interests of the public. This role involves carrying out various responsibilities, including licensing real estate professionals, enforcing compliance with the Real Estate and Business Brokers Act, and offering education and resources to both consumers and real estate professionals. Through these efforts, RECO plays a crucial part in maintaining the integrity of the real estate market in Ontario and ensuring that consumers are treated fairly throughout their real estate transactions.