Which entity is NOT one of the three major players in organized real estate?

Which entity is NOT one of the three major players in organized real estate?

• A. MREA
• B. CREA
• C. Individuals who make up the local board
• D. Manitoba Securities Commission

Answer: (D)

The key idea is identifying who organizes and governs real estate practice in Manitoba. The three major players are the provincial REALTORS association (MREA), the national association (CREA), and the local boards whose members (the REALTORS) work within a community and run services like the MLS. The Manitoba Securities Commission operates in a different regulatory realm, overseeing securities and investments, not real estate practice or ethics. Because of that, it’s not part of the trio that makes up organized real estate in Manitoba.

The key idea is identifying who organizes and governs real estate practice in Manitoba. The three major players are the provincial REALTORS association (MREA), the national association (CREA), and the local boards whose members (the REALTORS) work within a community and run services like the MLS. The Manitoba Securities Commission operates in a different regulatory realm, overseeing securities and investments, not real estate practice or ethics. Because of that, it’s not part of the trio that makes up organized real estate in Manitoba.