Humber/Ontario Real Estate Course 3 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 3 Exam with our practice quizzes. Study using multiple-choice questions complete with hints and explanations. Ace your exam with confidence!

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How does REBBA refer to a real estate salesperson purchasing or selling a rental property as a personal investment?

Acquisition or divestiture by a registrant
Acquiring/conveying by a representative
Buying/selling by a salesperson
Personal trading
Registrant transaction
Sale/purchase transaction

The correct answer is: Acquisition or divestiture by a registrant

The correct answer recognizes that REBBA (the Real Estate and Business Brokers Act) uses formal terminology when referring to actions taken by registered real estate professionals regarding their personal investments. In this context, "acquisition or divestiture by a registrant" specifically captures the legal and professional framework surrounding a registered individual's investment activities, differentiating them from transactions conducted on behalf of clients. This terminology emphasizes the distinction that these actions are considered personal, separate from the duties and responsibilities that come with representing clients in real estate transactions. Understanding this concept is essential for professionals in the industry to maintain compliance with regulatory standards while engaging in personal investment activities.