Prepare for your Section 1 Ontario real estate license with this free comprehensive practice exam. This exam covers key topics from section one of the Ontario Real Estate License Program.
#1. Who ensures that a brokerage complies with REBBA?
#2. What does the Family Law Act primarily address in the context of real estate?
#3. How many days does a real estate professional have to pay a fine once imposed?
#4. What role does the Electronic Commerce Act play in real estate transactions?
#5. What kind of training does REBBA mandate for all registered brokers and salespersons?
#6. Which document is required to terminate a binding agreement?
#7. What is required under REBBA for a brokerage when there is a change in the broker of record?
#8. What is required under REBBA for a brokerage when there is a change in the broker of record?
#9. Under the Vendors and Purchasers Act, who is responsible for the costs of registering the transfer/deed?
#10. What are the obligations under REBBA regarding the advertising of real estate services?
#11. What kind of training does REBBA mandate for all registered brokers and salespersons?
#12. How should a salesperson advise a buyer when interest rates are expected to rise?
#13. Who must ensure compliance with REBBA within a brokerage?
#14. Under REBBA, what financial practice must brokerages adhere to with respect to client funds?
#15. What is a dual agency situation?
#16. What does the Family Law Act primarily address in the context of real estate?
#17. How does the Municipal Act impact real estate salespersons?
#18. Which form is used to identify the fulfillment of a condition in an agreement?
#19. Who must ensure compliance with REBBA within a brokerage?
#20. What role does the Electronic Commerce Act play in real estate transactions?
#21. What is required before using client testimonials in advertising?
#22. Why is it important to adhere to advertising regulations in real estate?
#23. How does REBBA define the responsibilities of a broker of record with regard to compliance?
#24. What must be included in all real estate advertisements?
#25. Scenario: A developer wants to change the zoning of a property. Which act regulates this process?
#26. What is the primary purpose of the Statute of Frauds in real estate transactions?
#27. What is the result of a disciplinary action if a violation is proven?
#28. What does the Family Law Act primarily address in the context of real estate?
#29. When can a notice of fulfillment be used?
#30. Scenario: A salesperson fails to disclose a significant dual agency relationship. What legislation does this breach?
#31. According to REBBA, what is mandatory for maintaining a salesperson’s registration?
#32. Why is it important for real estate advertisements to be clear and not misleading?
#33. How does REBBA define the responsibilities of a broker of record with regard to compliance?
#34. What are the obligations under REBBA regarding the advertising of real estate services?
#35. Under REBBA, which body is primarily responsible for enforcing the Code of Ethics?
#36. Under REBBA, what financial practice must brokerages adhere to with respect to client funds?
#37. What is a zoning ordinance?
#38. How does REBBA define the responsibilities of a broker of record with regard to compliance?
#39. What is required for an amendment to be valid?
#40. What kind of training does REBBA mandate for all registered brokers and salespersons?
#41. What is the primary purpose of a real estate contract?
#42. Who ensures that a brokerage complies with REBBA?
#43. According to the Planning Act, what is the impact of an official plan on land development?
#44. Under the Vendors and Purchasers Act, who is responsible for the costs of registering the transfer/deed?
#45. What should a real estate professional do if they discover a colleague’s unethical behavior?
#46. What type of information is prohibited in real estate advertising?
#47. What is required for a real estate professional to reinstate their license after suspension?
#48. What document is used to amend an agreement of purchase and sale?
#49. Scenario: A salesperson fails to disclose a conflict of interest. Under REBBA, what is the likely consequence?
Results
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