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 should a salesperson do if a seller wants to hide a defect?
#2. Who oversees the discipline process for real estate professionals?
#3. How should a salesperson handle a complaint about their professional conduct?
#4. Scenario: A salesperson fails to disclose a significant dual agency relationship. What legislation does this breach?
#5. What action can RECO take if a brokerage fails to maintain proper records as per REBBA?
#6. Olivia wants to include a condition for a structural engineer’s report before purchase. What is this condition called?
#7. What should be included in a commercial condominium disclosure statement?
#8. What should not be included in a stacked condition?
#9. How does REBBA define the responsibilities of a broker of record with regard to compliance?
#10. What must be done when changing the irrevocable in a counter offer?
#11. Who is responsible for providing the lease agreement in a business sale?
#12. What should be done if a real estate professional changes brokerages?
#13. What must a landlord provide if they wish to enter the rental unit?
#14. What must a developer provide to a buyer when selling a new condominium unit?
#15. Ella is making an offer on a house and wants the sale to be conditional on a satisfactory appraisal. What should she include?
#16. Why is parking availability important for commercial properties?
#17. What does a financing condition protect the buyer from?
#18. How many days notice must be given for a disciplinary hearing?
#19. What are the consequences under REBBA for failing to disclose conflict of interest?
#20. What should be checked when a tenant requests immediate occupancy?
#21. Liam is working with a buyer who needs more time to arrange financing. What should he include in the offer?
#22. Kevin is unsure about signing a listing agreement. What should he do?
#23. What is a common red flag when reviewing a rental application?
#24. How can a buyer make their offer more attractive to a seller?
#25. What are the consequences under REBBA for failing to disclose conflict of interest?
#26. What must a developer provide when selling a new commercial condominium unit?
#27. What does REBBA regulate regarding brokerage trust accounts?
#28. David is preparing an offer and needs to list key dates. Which of the following is NOT typically included?
#29. What is a common clause included in commercial lease agreements?
#30. How long should the listing brokerage retain unsuccessful offers?
#31. Anna is leasing an office space and needs to know if shared facilities like meeting rooms are available. Where should she look?
#32. What is the primary benefit of a LEED-certified building?
#33. According to the Planning Act, what is the impact of an official plan on land development?
#34. What is the purpose of a home inspection?
#35. What does REBBA regulate regarding brokerage trust accounts?
#36. According to REBBA, what is mandatory for maintaining a salesperson’s registration?
#37. What should be included in a commercial lease proposal?
#38. What are the consequences under REBBA for failing to disclose conflict of interest?
#39. What should a seller do if they cannot provide financial statements?
#40. What is the purpose of title insurance?
#41. Thomas included a condition for the sale of his current home. What is this condition called?
#42. What is an earnest money deposit?
#43. What should a tenant do if they receive an eviction notice?
#44. Olivia’s lease specifies a 60-day notice period for termination by the tenant. Is this notice period valid?
#45. What is the main purpose of a title search?
#46. What should a salesperson do if a tenant has not signed a representation agreement?
#47. What is a dual agency situation?
#48. James’s brokerage is preparing a counteroffer on his behalf. What should James ensure?
#49. 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?
#50. Why is it important to review local market conditions before leasing a commercial property?
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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