Real Estate Essentials - Test 02

Taking the Ontario Real Estate Essentials test is an essential step towards becoming a licensed real estate agent in the province. Fortunately, there are several online resources available to help you prepare for this crucial examination, including the free practice tests offered by this particular website. These tests cover a wide range of topics, including agency relationships, property transfer and registration, and property ownership and planning, among others.

It is highly recommended that you take advantage of these invaluable resources prior to taking the actual examination to ensure your success and pave the way towards a prosperous career in real estate.


Real Estate Essentials - Practice Test 02

Ontario Real Estate Essentials - Course 1

1 / 30

A split-level property has a maximum of how many levels of living area?

2 / 30

When two brokerages are involved in a real estate transaction, the portions they each receive are known as…?

3 / 30

The listing salesperson must ensure that the listing price is…?

4 / 30

Which type of property is most likely to be used as a secondary residence?

5 / 30

A brokerage may charge a fee deducted from a salesperson's remuneration split, known as the…?

6 / 30

The series of ownership of a property over time is known as…?

7 / 30

Searching for qualified buyers is known as…?

8 / 30

Knowledge of which of these is especially useful when dealing with a small acreage primary home?

9 / 30

The salesperson's involvement with the sale when representing a buyer ends…?

10 / 30

Selling a house is also known as…?

11 / 30

In a commercial sales transaction, a salesperson may have to wait how long for their remuneration?

12 / 30

In a real estate transaction, the selling brokerage is also known as what?

13 / 30

The final decision on the listing price for a property lies with whom?

14 / 30

A salesperson working on commercial leasing will require what skills to be above-average?

15 / 30

When meeting a buyer, a salesperson must understand…?

16 / 30

What was known as a "Deed" under the Registry Act is now referred to as…?

17 / 30

Which of these is not one of the commercial property groupings?

18 / 30

Trade in real estate is a term that covers…?

19 / 30

You must be registered to undertake which of these activities?

20 / 30

Which of these does not count as "personal property" in ownership terms?

21 / 30

A listing agreement is signed between the seller and…?

22 / 30

A salesperson's remuneration is most likely to see a drop in which season?

23 / 30

The monies paid to a brokerage for services on the sale or lease of a property are referred to as…?

24 / 30

A mortgage on a property must be paid off in full…?

25 / 30

Remuneration is guaranteed for a salesperson once…?

26 / 30

Which of these contains the highest level of duty to the client a brokerage represents?

27 / 30

In a residential transaction, a salesperson may have to wait how long for their remuneration?

28 / 30

If repairs are required to a property, they must be done by the seller…?

29 / 30

Who bears the cost of most of the advertising for a property?

30 / 30

Which of these types of property has about 60% of the total living area on the main floor?

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