Commercial Real Estate Transactions - Test 01

The test evaluates the ability of individuals to handle commercial real estate transactions in Ontario, assessing their understanding of relevant laws, regulations, and procedures. With 200 multiple-choice questions, the test covers various topics, including real estate financing, investment analysis, property valuations, and lease agreements. Preparing for the exam requires extensive study and dedication. Still, with the right resources, such as our free Ontario Commercial Real Estate practice test containing questions from the official course book, individuals can be confident in their abilities to pass the test with flying colors. Passing this test not only demonstrates expertise and professionalism but it also opens doors to new career opportunities within the commercial real estate industry in Ontario.


Commercial Real Estate Transactions - Practice Test 01

Ontario Commercial Real Estate Transactions - Course 4

1 / 30

In a sole proprietorship business undertaking, the business is owned and managed by…?

2 / 30

The seller or buyer must provide written consent and initials on a representation agreement if it is to last for more than…?

3 / 30

The precise wording of a signed lease for a commercial tenancy takes precedence over the Commercial Tenancies Act in issues regarding…?

4 / 30

Brownfields land is land that requires…?

5 / 30

The majority of "errors and omissions" claims in commercial real estate deals arise from…?

6 / 30

In a limited partnership, the general partner's liability is…?

7 / 30

The personal assets of a person running a sole proprietorship business are…?

8 / 30

A tenancy-related dispute may be taken to the Small Claims Court if the amount of damages claimed is less than…?

9 / 30

In a limited partnership, who operates the business?

10 / 30

In a joint-venture real estate project, a group of investors comes together in order to…?

11 / 30

Unregistered assistants in brokerages may undertake trading activities…?

12 / 30

Buildings used for which of these activities count as industrial properties?

13 / 30

The Building Code Act is amended by the Ministry of Municipal Affairs and Housing every…?

14 / 30

In a limited partnership, the limited partner's liability cannot exceed…?

15 / 30

Commercial brokerages will usually seek salespersons who have an education or background in…?

16 / 30

Which of these would not be included in a list of hospitality properties?

17 / 30

Commercial real estate transactions are more complex than residential ones because…?

18 / 30

A Class A+ office building will have what percentage of its space occupied by institutional investors?

19 / 30

Which of these would not be included in a list of recreational properties?

20 / 30

The liability of a shareholder in a corporation is restricted to…?

21 / 30

A major disadvantage of investment in commercial property is often a lack of…?

22 / 30

A Class A office building will have which of these features?

23 / 30

Which of these would not be included in a list of institutional properties?

24 / 30

Commercial agreements generally provide at least how many days for buyers to satisfy conditions?

25 / 30

Which of these would be a feature of a Class C office building?

26 / 30

If a deposit is forfeited, awarded, directed, or released by a seller, the listing brokerage is entitled to retain how much of it for services rendered?

27 / 30

A business partnership involves how many people or entities?

28 / 30

The difference between employees and independent contractors of a brokerage exists only…?

29 / 30

One difference between commercial real estate and residential real estate is that commercial real estate transactions generally take place…?

30 / 30

During a building process, a request for inspection must be made within what time of work proceeding to the next stage?

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