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 is the legal requirement for a landlord to provide heat in a rental unit?
#2. Mark’s landlord wants to evict him to move a family member into the unit and gave him a 120-day notice. Is this notice valid?
#3. Who is responsible for providing the lease agreement in a business sale?
#4. What does ‘contingent’ mean in a real estate listing?
#5. What is the significance of a property’s zoning classification?
#6. According to the Planning Act, what is the impact of an official plan on land development?
#7. Scenario: A developer wants to change the zoning of a property. Which act regulates this process?
#8. Who ensures that a brokerage complies with REBBA?
#9. Mark is leasing a retail space and the landlord requires all tenants to report their monthly sales figures. What type of lease is this likely to be?
#10. What is a shared facilities agreement?
#11. Why is it important to understand the tenant mix in a commercial property?
#12. How should a salesperson handle a buyer who is concerned about property taxes?
#13. David wants to terminate his buyer representation agreement. What should he do?
#14. Olivia is buying a property and her brokerage is also representing the seller. What type of relationship is this?
#15. Zoe’s apartment building was sold, and she received a 30-day notice to vacate. Is this notice valid?
#16. Tyler wants to ensure that the seller repairs a leaky roof before closing. How should this be included?
#17. What can happen if a condominium owner fails to pay common expense fees?
#18. What should a salesperson do if a buyer wants to include an escalation clause in an offer?
#19. David is preparing an offer and needs to list key dates. Which of the following is NOT typically included?
#20. What should a salesperson do if they learn about undisclosed property damage?
#21. David is leasing a retail space and the landlord has provided a non-permitted use schedule. What does this schedule specify?
#22. What is required before using client testimonials in advertising?
#23. Matthew’s offer includes a condition for the sale of his current home within 30 days. What happens if this condition is not met?
#24. What are the consequences under REBBA for failing to disclose conflict of interest?
#25. What are the consequences under REBBA for failing to disclose conflict of interest?
#26. What should not be included in a stacked condition?
#27. Under REBBA, which body is primarily responsible for enforcing the Code of Ethics?
#28. What is a reserve fund in a condominium corporation used for?
#29. Liam’s landlord wants to sell the property he is renting. What should Liam do?
#30. Olivia is negotiating a lease for a retail store and needs the landlord to install charging stations for electric cars. Where should this be included?
#31. What is the first date to be identified in an offer plan?
#32. Who ensures that a brokerage complies with REBBA?
#33. What should a seller do if they cannot provide financial statements?
#34. Who elects the condominium board of directors?
#35. What is an example of an exclusive use common element?
#36. What is a common red flag when reviewing a rental application?
#37. Mary wants to lease a retail space that allows her to pay a fixed minimum rent plus a percentage of her gross sales. What type of lease is this?
#38. What is an example of a third-party professional a buyer might consult?
#39. What is required of a landlord when adding or modifying a rental unit?
#40. What is included in a triple net lease?
#41. What must be done if a rental application is not approved?
#42. Who typically holds the deposit once an offer is accepted?
#43. How does the Municipal Act impact real estate salespersons?
#44. What is the consequence of not having a sufficient reserve fund?
#45. What is the purpose of a New Owner Information Certificate (NOIC)?
#46. How often can a landlord inspect a rental property?
#47. John’s landlord has decided to sell the house and gave him a 60-day notice to vacate. Is this notice valid?
#48. What must a developer provide when selling a new commercial condominium unit?
#49. What should be included in a commercial condominium disclosure statement?
#50. Who pays for the home inspection in a real estate transaction?
Results
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