Prepare for your Ontario real estate license with this free comprehensive practice exam. This exam covers key topics from the five main sections of the Ontario Real Estate License Program.
#1. How often must smoke alarms be tested in rental units?
#2. What type of information is prohibited in real estate advertising?
#3. What is the first date to be identified in an offer plan?
#4. What right does a tenant have if the landlord fails to make necessary repairs?
#5. What is the purpose of a site visit before leasing a commercial property?
#6. Who oversees the discipline process for real estate professionals?
#7. John is leasing an office space and the landlord includes the electricity charges in the rent. What type of meter arrangement is this?
#8. What should be the focus of rental property advertisements?
#9. What can happen if a condominium owner fails to pay common expense fees?
#10. What must be done if an offer becomes difficult to read?
#11. Under REBBA, which body is primarily responsible for enforcing the Code of Ethics?
#12. A new owner wants to install hardwood floors in their condominium unit. What should they check first?
#13. What is the first step in making an offer on a property?
#14. According to REBBA, who is responsible for overseeing the ethical conduct of salespersons?
#15. What is required for a condominium board to amend a bylaw?
#16. How many days does a real estate professional have to respond to a complaint?
#17. What is the result of a disciplinary action if a violation is proven?
#18. Who must ensure compliance with REBBA within a brokerage?
#19. What is a common clause included in commercial lease agreements?
#20. Which professional should a buyer consult for tax implications?
#21. Kevin is unsure about signing a listing agreement. What should he do?
#22. How many days’ notice must a landlord give for a rent increase?
#23. Scenario: A couple is divorcing and needs to divide their property. Which legislation provides guidelines for this process?
#24. Sarah has a month-to-month lease and received a notice to vacate in 30 days without cause. Is this notice valid?
#25. How can a salesperson help a buyer understand the local market?
#26. What should a salesperson do if a property appraisal comes in lower than the offer price?
#27. Mia wants to include her refrigerator in the sale. How should this be documented?
#28. What does REBBA regulate regarding brokerage trust accounts?
#29. What is required under REBBA for a brokerage when there is a change in the broker of record?
#30. What is the minimum notice period a landlord must give a tenant for eviction due to non-payment of rent?
#31. What is a key factor in valuing a business?
#32. What is required when an amendment to an agreement is not accepted?
#33. Sophia wants to rent her property instead of selling it. What should she discuss with her brokerage?
#34. Olivia needs to amend the offer to include a longer closing period. What should she adjust?
#35. How long must brokerages retain documents for a successful transaction?
#36. What type of condominium does not include units but has shared common elements?
#37. What is the role of the real estate regulatory body?
#38. According to the Planning Act, what is the impact of an official plan on land development?
#39. Sophia is selling her home and received an offer with a very low deposit. What can she do to protect her interests?
#40. What should a tenant do if they receive an eviction notice?
#41. How does REBBA define the responsibilities of a broker of record with regard to compliance?
#42. When must the balance due on closing be amended?
#43. What role does the Electronic Commerce Act play in real estate transactions?
#44. What does ‘contingent’ mean in a real estate listing?
#45. Which document must a seller provide to the buyer before entering a binding agreement of purchase and sale?
#46. According to the Planning Act, what is the impact of an official plan on land development?
#47. Under the Vendors and Purchasers Act, who is responsible for the costs of registering the transfer/deed?
#48. What are the obligations under REBBA regarding the advertising of real estate services?
#49. What is a key consideration when showing office properties?
#50. Daniel’s offer was countered by the seller with a higher price and removal of some chattels. What should Daniel do if he disagrees?
Results
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You have successfully passed the Practice Ontario Real Estate License Practice Exam. Your hard work and dedication have paid off, and you’re one step closer to achieving your goal of becoming a real estate professional. Keep up the great work as you prepare for the official exam. Well done!
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