Humber/Ontario Real Estate Course 4 Exam Practice

Under REBBA, which statement is correct regarding remuneration?

1. Registrants need a signed representation agreement to be entitled to remuneration

2. Registered persons under REBBA can take legal action for remuneration payment issues

3. Remuneration is automatically due in co-listed properties

4. Brokerages must pay remuneration directly to other brokerages' employees

5. All remuneration disputes must be settled internally within brokerages

6. The remuneration is discretionary and non-enforceable in court

The correct answer is: Registered persons under REBBA can take legal action for remuneration payment issues

The correct statement regarding remuneration under the Real Estate and Business Brokers Act (REBBA) is that registered persons under REBBA can take legal action for remuneration payment issues. This emphasizes the legal framework that protects registered individuals and entitles them to pursue claims for unpaid fees or commissions through legal channels if necessary. It is essential for real estate professionals to understand that if a transaction has occurred and remuneration was agreed upon, they have the right to seek legal recourse should they find themselves in a situation where payments are withheld. This understanding is crucial since remuneration in the real estate industry can be complex and subject to agreements between parties. It provides a mechanism for accountability and ensures that professionals are safeguarded against non-payment. The other statements, while they touch on different aspects of remuneration, do not accurately represent the situation under REBBA or reflect the reality of how remuneration disputes can be resolved.