Which of the following is a true statement regarding registration as a real estate salesperson in Ontario?
1) A salesperson registrant must renew his or her registration each year
2) A salesperson must pay a two year premium for the RECO insurance program on every registration renewal date
3) A person Registered under the Securities Act is exempt under the REBBA, 2002 when that person is involved in any sale of real estate
4) An applicant must successfully complete Real Estate as a Professional Career, Land, Structures and Real Estate Trading, The Real Estate Transaction–General and the Residential or Commercial Real Estate Transaction and pass the applicable examinations.