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. What must be done if a rental application is not approved?
#2. Which type of condominium corporation allows the developer to add new units or common elements in the future?
#3. What are the obligations under REBBA regarding the advertising of real estate services?
#4. How often must real estate professionals complete continuing education?
#5. Scenario: A developer wants to change the zoning of a property. Which act regulates this process?
#6. What should a salesperson ensure when adding additional terms to the standard lease?
#7. According to the Planning Act, what is the impact of an official plan on land development?
#8. Which statement about advertising rental properties is correct?
#9. Under the Vendors and Purchasers Act, who is responsible for the costs of registering the transfer/deed?
#10. Matthew’s offer includes a condition for the sale of his current home within 30 days. What happens if this condition is not met?
#11. According to the Planning Act, what is the impact of an official plan on land development?
#12. What document is often used to collect sensitive information from prospective tenants?
#13. Can a landlord charge a pet deposit in addition to the security deposit?
#14. What is a CAM charge in a commercial lease?
#15. Sophia’s brokerage has multiple offers on her property. How should the brokerage handle this?
#16. Which of the following is a correct statement about freehold standard condominiums?
#17. Liam is including a condition for a water quality test in his offer. Where should this be specified?
#18. What does REBBA regulate regarding brokerage trust accounts?
#19. A buyer asks about the declaration document. What should the salesperson explain?
#20. What is the role of the real estate regulatory body?
#21. What happens during a turnover meeting in a condominium?
#22. John is selling his house and hires a brokerage to represent him. What should he expect from the brokerage?
#23. What is the purpose of a waiver in a real estate transaction?
#24. What is the minimum notice period for a tenant to terminate a month-to-month tenancy?
#25. What is the purpose of a New Owner Information Certificate (NOIC)?
#26. Zoe’s landlord is requiring a two-month security deposit. Is this allowed?
#27. How can a salesperson assist a first-time homebuyer?
#28. What is the legal requirement for a landlord to provide heat in a rental unit?
#29. What is a balance sheet?
#30. What is the primary benefit of conducting a credit check on a prospective tenant?
#31. David’s landlord failed to repair a leaking roof despite multiple requests. What can David legally do?
#32. Michael’s offer was accepted with conditions. Who is responsible for fulfilling these conditions?
#33. When can a notice of fulfillment be used?
#34. Which of the following is a correct statement about freehold standard condominiums?
#35. What happens if the seller makes a counteroffer?
#36. What is required under REBBA for a brokerage when there is a change in the broker of record?
#37. What does the Family Law Act primarily address in the context of real estate?
#38. What is the difference between audited and unaudited statements?
#39. What should a buyer verify about the lease before purchasing a business?
#40. What must be provided to a potential buyer before they sign an agreement of purchase and sale for a new condominium?
#41. What is a key factor in determining the rent for a commercial property?
#42. What should be included in a commercial lease proposal?
#43. What is required for a real estate professional to reinstate their license after suspension?
#44. Anna’s landlord gave her a 60-day notice to vacate for a major renovation. Is this notice period sufficient?
#45. Who must approve changes to exclusive use common elements?
#46. What is a deed of trust?
#47. What is a freehold – vacant land condominium?
#48. What should a buyer’s salesperson obtain from a seller?
#49. What is required for an offer to be valid?
#50. Under the Vendors and Purchasers Act, who is responsible for the costs of registering the transfer/deed?
Results
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