Humber Real Estate Course 1 Module 1 Lesson 1 Exam Questions and Answers 2026 (22 Questions) | REBBA, RECO, Code of Ethics, Broker of Record & Registration

This focused exam preparation guide contains 22 expertly compiled questions and answers covering the foundational concepts introduced in Lesson 1 of Module 1 within the Humber Real Estate Salesperson Program. Presented in a concise question-and-answer format, this resource is designed to strengthen understanding of Ontario's real estate regulatory framework, reinforce classroom learning, and improve examination performance through active recall. The material provides a comprehensive introduction to the legislation governing real estate trading in Ontario, with particular emphasis on the Real Estate and Business Brokers Act (REBBA). Students will gain a clear understanding of how the profession is regulated, why regulatory oversight is necessary to protect consumers, and how Ontario's legislative framework promotes integrity, transparency, and professionalism in real estate transactions. Extensive coverage is devoted to the roles and responsibilities of the key participants operating within Ontario's real estate industry. Learners will examine the legal definitions of brokerage, broker, broker of record, salesperson, and registrant, while developing an understanding of the relationship between brokerages, employed salespersons, and consumers. The guide explains why agreements entered into by buyers and sellers are legally agreements with the brokerage rather than individual salespersons, a concept that is frequently assessed on licensing examinations. Students will also explore the regulatory functions of the Real Estate Council of Ontario (RECO), including its responsibilities relating to registration standards, educational requirements, consumer protection initiatives, complaint resolution, brokerage inspections, insurance administration, and public education. The material reviews RECO's mission to support a fair, safe, and informed real estate marketplace while maintaining public confidence in the profession. A major focus of this resource is the REBBA Code of Ethics and the professional standards expected of Ontario registrants. Topics include the Code's consumer protection objective, the minimum standards of fairness and honesty, conscientious and competent service, and the obligation to recommend third-party expertise when services fall outside a registrant's knowledge, experience, or legal authority. These ethical principles establish the foundation for professional conduct and are among the most frequently tested concepts in the Humber curriculum. Ideal for first-time learners, last-minute revision, and self-assessment, this study guide offers a practical review of the essential concepts students must master before progressing through the remainder of the Humber Real Estate Program. The content aligns with recognized Ontario real estate education standards and authoritative industry resources, including: • Humber College Institute of Technology & Advanced Learning. Real Estate Salesperson Program curriculum. • Real Estate Council of Ontario (RECO). Registration, compliance, and consumer protection resources. • Real Estate and Business Brokers Act, 2002 (REBBA), Government of Ontario. • REBBA Code of Ethics. • Trust in Real Estate Services Act, 2002 (TRESA), Government of Ontario. • Ontario Ministry of Public and Business Service Delivery. Real estate regulatory guidance. Relevant Students: Humber Real Estate Salesperson Program students Course 1 Module 1 students Lesson 1 real estate students Ontario real estate licensing candidates Pre-registration real estate students Future real estate salespersons Real estate broker candidates Students preparing for Humber real estate examinations Candidates pursuing RECO registration Individuals beginning careers in Ontario real estate Real estate professionals seeking foundational revision materials Keywords: Humber Real Estate Course 1 Module 1 Lesson 1, Humber Real Estate Exam Questions, Humber Real Estate Answers, Humber Real Estate 2026, Ontario Real Estate Exam, REBBA, RECO, REBBA Code of Ethics, Ontario Real Estate Licensing, Real Estate Salesperson Program, Brokerage, Broker, Broker of Record, Salesperson, Registrant, Consumer Protection, Ministry of Government and Consumer Services, Real Estate Regulation, RECO Registration, RECO Mission, RECO Responsibilities, Brokerage Compliance, Registration Standards, Continuing Education, Deposit Protection, Real Estate Ethics, Fairness and Honesty, Conscientious Service, Competent Service, Services from Others, Professional Standards, Ontario Real Estate Law, Humber Real Estate Notes, Real Estate Revision Guide, Real Estate Licensing Exam Preparation