What are the types of licenses issued by RECO for real estate professionals?

The correct answer is based on the structure of the licensing system implemented by the Real Estate Council of Ontario (RECO) for real estate professionals. In Ontario, individuals who wish to work in real estate must first obtain a Salesperson License. This is the initial step for those entering the profession, allowing them to assist clients in the buying and selling of properties under the supervision of a broker.

Once a salesperson has gained sufficient experience and completed additional education requirements, they may choose to pursue a Broker License. This allows individuals to operate independently, manage their own real estate brokerage, and oversee other salespeople. The distinction between the two licenses is important as it reflects varying levels of expertise, responsibility, and the nature of transactions they are authorized to engage in within the real estate sector.

Other options may include roles such as property managers or auctioneers, but these do not reflect the primary licensing classifications established by RECO for real estate professionals. Thus, the focus remains on the Salesperson License and the Broker License as the cornerstone of professional licensing in Ontario's real estate industry.