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. Kevin is leasing an industrial space and wants to know the sprinkler density required for his warehouse. What factors should he consider?
#2. Who oversees the discipline process for real estate professionals?
#3. What is the main advantage of exclusive representation?
#4. What is a landlord’s obligation regarding pest control?
#5. What role does the Electronic Commerce Act play in real estate transactions?
#6. What is a condition precedent?
#7. What is the primary purpose of the Statute of Frauds in real estate transactions?
#8. Olivia’s lease specifies a 60-day notice period for termination by the tenant. Is this notice period valid?
#9. What is the consequence of not paying common expense fees in a commercial condominium?
#10. Kevin received multiple offers on his property. What is the best practice to follow?
#11. Mark wants to make an offer on a property but needs to sell his current home first. What type of condition should he include?
#12. Can a landlord charge a pet deposit in addition to the security deposit?
#13. John’s landlord has decided to sell the house and gave him a 60-day notice to vacate. Is this notice valid?
#14. What is the role of a mortgage broker?
#15. Liam is including a condition for a water quality test in his offer. Where should this be specified?
#16. Who ensures that a brokerage complies with REBBA?
#17. What should a potential buyer review to assess the financial health of a commercial condominium?
#18. Scenario: A couple is divorcing and needs to divide their property. Which legislation provides guidelines for this process?
#19. What should a salesperson do if a property appraisal comes in lower than the offer price?
#20. What is a common requirement for leasing office space?
#21. According to the Planning Act, what is the impact of an official plan on land development?
#22. How soon must a real estate professional report a significant change in their business address to the regulatory body?
#23. Olivia needs to amend the offer to include a longer closing period. What should she adjust?
#24. Scenario: A salesperson fails to disclose a significant dual agency relationship. What legislation does this breach?
#25. Why is tenant mix important in a commercial property?
#26. What is an anchor tenant?
#27. What is the function of a status certificate?
#28. Liam is leasing a space in a new office building and wants to ensure that the landlord will complete renovations to improve building accessibility. What should he include in the lease?
#29. What should a tenant do if they receive an eviction notice?
#30. What is a reserve fund in a condominium corporation used for?
#31. What is required under REBBA for a brokerage when there is a change in the broker of record?
#32. Michael wants to ensure his property is marketed effectively. What should he discuss with his brokerage?
#33. What is the role of curb appeal in selling a property?
#34. What is the impact of high property taxes on property sales?
#35. How many days does a real estate professional have to pay a fine once imposed?
#36. What are the consequences under REBBA for failing to disclose conflict of interest?
#37. What kind of training does REBBA mandate for all registered brokers and salespersons?
#38. What is the primary legislation governing residential leasing in Ontario?
#39. What is the main purpose of a title search?
#40. What is the role of the real estate regulatory body?
#41. What must a landlord provide if they wish to enter the rental unit?
#42. What kind of training does REBBA mandate for all registered brokers and salespersons?
#43. Under REBBA, what financial practice must brokerages adhere to with respect to client funds?
#44. What can a condominium board do if an owner is in arrears for common element fees?
#45. What is a profit and loss statement?
#46. What should be done if the completion date is too early for the seller?
#47. What is a key consideration for a mixed-use commercial condominium?
#48. What is the purpose of a home inspection?
#49. A buyer asks about the declaration document. What should the salesperson explain?
#50. Anna received a counter offer that includes a higher purchase price and a quicker closing date. What should she consider before accepting?
Results
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