Humber/Ontario Real Estate Course 1 Exam Practice

The correct answer highlights terms that are clearly defined and recognized within the framework of the Real Estate and Business Brokers Act (REBBA) in Ontario. "Brokerage" and "real estate brokerage" both refer to businesses that are licensed to conduct real estate transactions, which aligns with the regulatory standards set by REBBA. The other terms listed are either not standard terminology used within the industry or do not carry the same specific meaning under the act. For example, while "real estate salesperson" is acceptable, terms like "sales consultant" or "sales expert" may not have the same clear, regulated meaning. Similarly, "broker consultant" and "real estate advisor" are not standard titles recognized under REBBA in the same way that "brokerage" and "real estate brokerage" are. The act specifically provides for these terms to ensure clarity and consistency in the roles and responsibilities of those working in the real estate market.