Review Questions.mp3 Lyrics

Identify three primary roles a__ociated with The Canadian Real Estate a__ociation.

1. Political activities at the federal government level.
2. Regulation of selected trademarks and certification marks.
3. Ownership and control of the CREA Code of Ethics and Standards of Business Practice.

Identify three primary roles a__ociated with the Ontario Real Estate a__ociation.
1. Political activities at the provincial government level.
2. Offering of courses leading to salesperson and broker registration.
3. Provision of selected services (e.g., standard forms and arbitration) to real estate boards.

Identify three benefits of an MLS service to its members.

1. Centralized resource for accessing and marketing real estate properties.
2. Increased promotion of individual properties.
3. Co-operation between brokerages in successfully marketing property.

Describe three key functions that differentiate the Ontario Real Estate a__ociation from the Real Estate Council of Ontario.

1. RECO oversees courses leading to registration; OREA is RECO's nominee in offering these courses.
2. RECO serves the citizens of Ontario with an emphasis on consumer protection; OREA serves its members by providing products/services and advancing professionalism with those members.
3. RECO salesperson and broker members may be members of OREA; all OREA member salespersons and brokers must be members of RECO.