Humber/Ontario Real Estate Course 2 Exam Practice

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How does REBBA classify the personal investment activities of a real estate salesperson involving rental properties?

  1. Acquisition or divestiture by a registrant.

  2. Acquiring/conveying by a representative.

  3. Buying/selling by a salesperson.

  4. Informal trading.

  5. Investment transactions.

  6. Personal trading.

The correct answer is: Acquisition or divestiture by a registrant.

REBBA (Real Estate and Business Brokers Act) classifies the personal investment activities of a real estate salesperson involving rental properties as "Acquisition or divestiture by a registrant." This classification highlights the importance of transparency and accountability in real estate transactions, ensuring that any property acquisitions or dispositions by a real estate salesperson are conducted in compliance with the regulations outlined in REBBA. It distinguishes these activities from their professional duties as a registrant and emphasizes the need for clear disclosure and documentation.

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