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

When meeting a buyer, a salesperson must understand…?

2 / 30

A listing agreement is signed between the seller and…?

3 / 30

Trade in real estate is a term that covers…?

4 / 30

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

5 / 30

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

6 / 30

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

7 / 30

Searching for qualified buyers is known as…?

8 / 30

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

9 / 30

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

10 / 30

Remuneration is guaranteed for a salesperson once…?

11 / 30

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

12 / 30

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

13 / 30

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

14 / 30

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

15 / 30

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

16 / 30

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

17 / 30

Selling a house is also known as…?

18 / 30

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

19 / 30

You must be registered to undertake which of these activities?

20 / 30

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

21 / 30

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

22 / 30

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

23 / 30

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

24 / 30

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

25 / 30

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

26 / 30

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

27 / 30

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

28 / 30

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

29 / 30

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

30 / 30

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

Your score is

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