Module 2, Lesson 2 questions with
answers.
Who regulates Real Estate in Ontario? ANS -REBBA
Who administers REBBA on behalf of the provincial government? ANS -RECO
Who is responsible for REBBA and general oversight of RECO? ANS -The Ministry of Government and
Consumer Services
What does the Ministry ensure in regards to Real Estate legislation? ANS -Ensures legislation remains
relevant as the industry evolves, grows, and changes
What is RECO's mission? ANS -To support a fair, safe and informed real estate market for Ontario
consumers through effective and innovative regulation of the services offered by those trading in Real
Estate
Who is responsible for educating the public to ensure they understand the benefits of a regulated Real
Estate sector? ANS -RECO
Who holds registered brokerages, brokers and salespeople to professional standards? ANS -RECO
Why are RECO's roles and responsibilities mandated? ANS -To ensure the regulation of trading builds
and sustains public trust, thereby creating a solid foundation for the industry's success.
What activities support RECO's mandate of protecting the public interest? (6 Answers) ANS -- Enforcing
standards required to obtain & maintain registration
- Establishing education standards for registration, post-registration, broker, and mandatory continuing
education courses
- Conducting inspections of brokerages to ensure REBBA compliance & to educate brokers of record
answers.
Who regulates Real Estate in Ontario? ANS -REBBA
Who administers REBBA on behalf of the provincial government? ANS -RECO
Who is responsible for REBBA and general oversight of RECO? ANS -The Ministry of Government and
Consumer Services
What does the Ministry ensure in regards to Real Estate legislation? ANS -Ensures legislation remains
relevant as the industry evolves, grows, and changes
What is RECO's mission? ANS -To support a fair, safe and informed real estate market for Ontario
consumers through effective and innovative regulation of the services offered by those trading in Real
Estate
Who is responsible for educating the public to ensure they understand the benefits of a regulated Real
Estate sector? ANS -RECO
Who holds registered brokerages, brokers and salespeople to professional standards? ANS -RECO
Why are RECO's roles and responsibilities mandated? ANS -To ensure the regulation of trading builds
and sustains public trust, thereby creating a solid foundation for the industry's success.
What activities support RECO's mandate of protecting the public interest? (6 Answers) ANS -- Enforcing
standards required to obtain & maintain registration
- Establishing education standards for registration, post-registration, broker, and mandatory continuing
education courses
- Conducting inspections of brokerages to ensure REBBA compliance & to educate brokers of record
