Commercial Real Estate Transactions - Test 03

This exam consists of 200 multiple-choice questions that cover various topics related to commercial real estate transactions. The test is designed to determine an individual’s knowledge and understanding of key concepts, such as property valuation, market analysis, leasing agreements, and financing. Candidates must pass this exam with flying colors to obtain a real estate license in Ontario. With our free practice test, candidates can prepare themselves for the real exam by answering questions from the official Ontario real estate course book. By practicing with our comprehensive and accurate study materials, candidates can feel confident and well-prepared when they step into the exam room.


Commercial Real Estate Transactions - Practice Test 03

Ontario Commercial Real Estate Transactions - Course 4

1 / 30

A mezzanine floor in an industrial building is generally how far off the main floor?

2 / 30

The first three members of a condominium board must be appointed within what time of the condominium being registered?

3 / 30

If a commercial build is vacant, sales people should be extra careful with listing it because of the danger of…?

4 / 30

A salesperson has an obligation to identify and disclose all material facts, latent defects and potentially detrimental conditions related to a unit to…?

5 / 30

The value of a commercial condominium will be negatively affected if it is surrounded by…?

6 / 30

Product packaging would usually take place in what type of commercial building?

7 / 30

The square footage of a commercial property should be measured by…?

8 / 30

The buyer or a commercial property should have the fact that they can lawfully continue the present use of the property confirmed by…?

9 / 30

If the vacancy rate drops below equilibrium, what happens to rental rates?

10 / 30

The "equilibrium" vacancy rate for office and retail properties is between…?

11 / 30

In a commercial condominium business signage is regulated by…?

12 / 30

Which of these will result in a director of a condominium corporation being disqualified?

13 / 30

The Ontario Building Code requires multi-residential buildings to have an elevator if they have how many floors?

14 / 30

The buildable percentage of an industrial lot can be affected by…?

15 / 30

A developer who builds a condominium must call a "turnover meeting" to handover control to the condominium corporation within what time of ceasing to be a majority shareholder in the units?

16 / 30

The Tarion warranty does not apply to a commercial condominium unless…?

17 / 30

An appraiser will generally need at least how long to complete an appraisal of a commercial property?

18 / 30

A salesperson should recommend an electrical inspection of premises in order to have any light fixtures removed that were manufactured prior to…?

19 / 30

Comparative market analysis looks at current listings for other buildings and recently sold/listed but not sold properties offered to the market within the previous…?

20 / 30

A "big box store" will usually have an area of more than…?

21 / 30

Which of these is frequently used as a "landscape buffer" for retail building?

22 / 30

Potential buyers communicating with employees and/or customers of the business in the building they are considering leasing/buying should be…?

23 / 30

The availability of suitable employees in a particular industrial area will be greatly affected by…?

24 / 30

The Ministry of Environment, Conservation and Parks must be informed, with reference to industrial units, of any…?

25 / 30

Wood structures are used for buildings with how many storeys?

26 / 30

Which of these cannot be included in the agreement of purchase and sale for a retail property?

27 / 30

A registrant should not attempt to provide services to sellers or buyers that could be more competently provided by…?

28 / 30

Salespeople should recommend to sellers that with financial, operational and legal documentation they should…?

29 / 30

Which of these is a unique feature of a "Lifestyle centre" shopping centre?

30 / 30

Maintenance fees in industrial condominiums are…?

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