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.

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Real Estate Essentials - Practice Test 02

Ontario Real Estate Essentials - Course 1

1 / 30

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

2 / 30

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

3 / 30

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

4 / 30

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

5 / 30

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

6 / 30

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

7 / 30

Selling a house is also known as…?

8 / 30

A listing agreement is signed between the seller and…?

9 / 30

Trade in real estate is a term that covers…?

10 / 30

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

11 / 30

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

12 / 30

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

13 / 30

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

14 / 30

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

15 / 30

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

16 / 30

Searching for qualified buyers is known as…?

17 / 30

When meeting a buyer, a salesperson must understand…?

18 / 30

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

19 / 30

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

20 / 30

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

21 / 30

Remuneration is guaranteed for a salesperson once…?

22 / 30

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

23 / 30

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

24 / 30

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

25 / 30

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

26 / 30

You must be registered to undertake which of these activities?

27 / 30

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

28 / 30

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

29 / 30

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

30 / 30

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

Your score is

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