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.

ADVERTISEMENT
ADVERTISEMENT

Real Estate Essentials - Practice Test 02

Ontario Real Estate Essentials - Course 1

1 / 30

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

2 / 30

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

3 / 30

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

4 / 30

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

5 / 30

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

6 / 30

Remuneration is guaranteed for a salesperson once…?

7 / 30

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

8 / 30

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

9 / 30

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

10 / 30

You must be registered to undertake which of these activities?

11 / 30

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

12 / 30

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

13 / 30

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

14 / 30

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

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

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

18 / 30

A listing agreement is signed between the seller and…?

19 / 30

Trade in real estate is a term that covers…?

20 / 30

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

21 / 30

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

22 / 30

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

23 / 30

Selling a house is also known as…?

24 / 30

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

25 / 30

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

26 / 30

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

27 / 30

When meeting a buyer, a salesperson must understand…?

28 / 30

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

29 / 30

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

30 / 30

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

Your score is

ADVERTISEMENT