Humber/Ontario Real Estate Course 4 Exam Practice

Which statement is correct for remuneration according to REBBA?

1. Requires signed representation agreement for entitlement

2. Allows registered persons to take legal action for remuneration

3. Automatically covers co-listed properties

4. Brokerages must pay remuneration to other employees

5. All disputes resolved within brokerages

6. Discretionary and unenforceable by court

The correct answer is: Allows registered persons to take legal action for remuneration

In REBBA (Real Estate and Business Brokers Act), registered persons are allowed to take legal action for remuneration if they have fulfilled their obligations under an agreement with a client. This means that if a real estate professional has completed the tasks specified in the contract or agreement with the client, they have the legal right to pursue compensation for their services through legal channels if necessary. This provision is designed to protect the interests of registered individuals and ensure that they are fairly compensated for their work. The other options are not correct for the following reasons: A. Requires a signed representation agreement for entitlement: While having a signed representation agreement is important for outlining the terms of the agreement between the agent and the client, it is not a requirement for entitlement to remuneration under REBBA. C. Automatically covers co-listed properties: Remuneration is not automatically covered for co-listed properties; it is contingent upon the terms of the agreement between the parties involved. D. Brokerages must pay remuneration to other employees: Remuneration is typically paid to registered individuals who are parties to a specific agreement, not necessarily to all employees of the brokerage. E. All disputes resolved within brokerages: Disputes regarding remuneration