Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 2 Exam with our comprehensive quiz that covers essential concepts and topics. Enhance your understanding with multiple choice questions designed to test your knowledge and boost your confidence before the exam.

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.

Under REBBA, which statement is true regarding brokerage remuneration?

Remuneration must be a flat fee only.
Remuneration can be flexible including percentages.
Government sets fixed remuneration rates.
Remuneration is based on sale price differences only.
Remuneration only changes with higher prices.
Remuneration cannot be a combination of percentage and flat fee.

The correct answer is: Remuneration can be flexible including percentages.

Under REBBA (the Real Estate and Business Brokers Act), brokerage remuneration can be flexible and may include percentages. This means that the amount a brokerage earns as remuneration can vary based on different factors, such as the agreed-upon percentage of the sale price. This flexibility allows for brokers to negotiate their remuneration terms with clients, making it a more practical approach in real estate transactions. In contrast, the other options are incorrect because they do not accurately reflect the regulations and guidelines outlined in REBBA.