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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which statement is correct regarding remuneration as set out by REBBA?

A registrant requires a written representation agreement, signed by the seller, to be entitled to remuneration.
Persons registered under REBBA can take legal action regarding the payment of remuneration.
Remuneration is due and payable if a brokerage lists a property knowingly covered by an unexpired listing with another brokerage.
A listing brokerage can pay a co-operating brokerage's salesperson if the client consents.
A registrant must have a signed buyer representation agreement to claim remuneration.
REBBA prohibits claims for remuneration without written consent from both parties.

The correct answer is: Persons registered under REBBA can take legal action regarding the payment of remuneration.

The correct statement regarding remuneration as set out by REBBA is that persons registered under REBBA can take legal action regarding the payment of remuneration. This is significant as it establishes the legal framework within which registered real estate professionals operate. According to REBBA, if a registrant is not compensated as agreed upon, they have the right to pursue legal remedies to claim the remuneration they are due. This understanding underscores the importance of written agreements and clear terms in real estate transactions. While elements such as representation agreements are crucial for detailing the relationship between realtors and their clients, the capacity to take legal action ensures that agents can enforce their rights in situations where payments might be disputed or withheld. This helps foster trust and accountability within the real estate sector. As for the other options, while they may contain elements that pertain to real estate practices, they don't accurately reflect the framework established by REBBA regarding remuneration. For instance, written representation agreements and cooperative brokerage arrangements involve specific conditions that do not grant automatic entitlement to remuneration, making option B the most accurate statement in the context of the question.