Prepare for your Section 4 Ontario real estate license with this free comprehensive practice exam. This exam covers key topics from section four of the Ontario Real Estate License Program.
#1. What should be checked when a tenant requests immediate occupancy?
#2. How often must the reserve fund study be updated?
#3. John is leasing an office space and the landlord includes the electricity charges in the rent. What type of meter arrangement is this?
#4. What is an escrow account used for?
#5. Who is responsible for insuring the common elements in a commercial condominium?
#6. What should a salesperson do if they suspect a tenant might cause issues?
#7. Lucas is buying a condo and wants to ensure that the building allows pets. How should he include this in his offer?
#8. David’s landlord failed to repair a leaking roof despite multiple requests. What can David legally do?
#9. What is the role of a home appraiser?
#10. How long does a tenant have to respond to an eviction notice for non-payment of rent?
#11. Oliver wants to make his offer conditional on obtaining homeowners insurance. Where should this be specified?
#12. How many days’ notice must a landlord give for a rent increase?
#13. How should a salesperson respond if a buyer finds a significant issue during the home inspection?
#14. Sarah has a month-to-month lease and received a notice to vacate in 30 days without cause. Is this notice valid?
#15. What is a contingency in real estate?
#16. How can a salesperson help a buyer understand the local market?
#17. Emma is leasing an office space and needs to know if the property complies with the Accessibility for Ontarians with Disabilities Act. Who should she ask?
#18. A buyer wants to add a condition that allows for a structural inspection. What is this condition called?
#19. Emily is negotiating a counter offer. What happens if she makes a change to the original offer?
#20. What is the consequence of not paying common expense fees in a commercial condominium?
#21. What is included in a condominium’s common elements?
#22. What is a condition precedent?
#23. What is required for a condominium board of directors to make rule changes?
#24. What is the purpose of the Personal Information Protection and Electronic Documents Act (PIPEDA) in real estate?
#25. What must be done if a rental application is not approved?
#26. A buyer wants to understand the difference between common elements and exclusive use common elements. What is correct?
#27. Kevin is leasing an industrial space and wants to know the sprinkler density required for his warehouse. What factors should he consider?
#28. What is required for an offer to be valid?
#29. What happens if a counter offer is not accepted?
#30. What is a lien in the context of a condominium?
#31. Can a landlord charge a pet deposit in addition to the security deposit?
#32. What is an exclusive rights clause?
#33. What is a freehold – vacant land condominium?
#34. What is the main difference between commercial and residential condominiums in terms of governance?
#35. Anna is leasing an office space and needs to know if shared facilities like meeting rooms are available. Where should she look?
#36. Lucy is negotiating a lease for a restaurant in a shopping mall. She wants assurance that no other restaurants will open in the same mall. What clause should she include?
#37. Emily’s lease includes a clause that she must professionally clean the carpets upon moving out. Is this clause enforceable?
#38. How should a salesperson handle a situation where a property has been on the market for a long time?
#39. Alex is buying a property and wants assurance that the appliances are in working order. Where should this be included?
#40. 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?
#41. What does the Condominium Act regulate?
#42. Emma is drafting an offer and wants to include an escape clause. What is the primary purpose of an escape clause?
#43. What is required for a tenant to withhold rent due to repairs not being made?
#44. What is a dual agency situation?
#45. Who elects the condominium board of directors?
#46. What should a salesperson do if a buyer wants to include an escalation clause in an offer?
#47. What is the benefit of a home warranty?
#48. How often can a landlord inspect a rental property?
#49. In a leasehold condominium, what do purchasers own?
#50. What does the Condominium Act regulate?
Results
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