Commercial Real Estate Transactions - Test 02

Taking the Ontario Commercial Real Estate Transactions Test is an essential step for anyone looking to become a licensed real estate agent in Ontario. The test comprises 200 multiple-choice questions and answers, which are sourced from the official Ontario real estate course book. It mirrors the actual test and exam, making it an ideal practice tool for those seeking to pass on the first attempt. The test covers a broad range of topics including commercial real estate transactions, leasing, property management, and investment analysis. It is designed to assess the candidate’s knowledge and skills in relation to Ontario’s real estate market and legal requirements.


Commercial Real Estate Transactions - Practice Test 02

Ontario Commercial Real Estate Transactions - Course 4

1 / 30

Mortgage brokers may charge what percentage of a loan amount as a service charge?

2 / 30

The leverage ratio is a financial measurement used to calculate…?

3 / 30

Which of these does not enjoy an exemption from HST?

4 / 30

Which of these would not be given an exception from height restrictions?

5 / 30

The depreciation of office furniture and equipment which can be offset against tax is typically calculated as how much per year?

6 / 30

What does a wraparound mortgage do?

7 / 30

A Class C office building is usually more than…?

8 / 30

If a building has "sick building syndrome" it may cause the occupants…?

9 / 30

The Ontario Fire Code requires continuous and unobstructed entry and exit from a building to…?

10 / 30

The typical office condominium offers office sizes up to around…?

11 / 30

What are zoning setbacks?

12 / 30

Which of these tasks would you not expect to be undertaken by a buyer's lawyer?

13 / 30

A super regional shopping centre has more than how much leasable area?

14 / 30

The LEED design standards offer benchmarks for what aspect of a building?

15 / 30

Lenders typically require a debt service coverage ratio of at least?

16 / 30

Industrial properties are dominated by what type of construction?

17 / 30

The building is defined as a "small office building" if it has less than what amount of floor space?

18 / 30

Which of these types of construction requires additional fire resistant materials to prevent failure in a fire?

19 / 30

A development loan is given for what purpose?

20 / 30

Capital Gains Tax is charged on…?

21 / 30

A building with a total floor area of 120,000 feet would require how many parking spaces?

22 / 30

Phase 1 of an environmental site assessment involves what?

23 / 30

Non-resident sellers must pay their Capital Gains Tax within what time of closing a real estate sale?

24 / 30

A neighbourhood shopping centre will have up to how much leasable area?

25 / 30

Mixed-use buildings are taxable for…?

26 / 30

A conditional loan approval letter is known as a letter of…?

27 / 30

The maximum area of a lot on which it is permissible to build a building is known as…?

28 / 30

Capital Gains Tax is charged at what rate?

29 / 30

Appraisers may charge extra fees for what?

30 / 30

By law, institutional lenders are restricted (unless insurance is present) to lending a maximum of what percentage of the appraised value or sale price of a property?

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