Prepare for your Section 4 Ontario real estate license with this free comprehensive practice exam. This exam covers key topics from section four of the Ontario Real Estate License Program.
#1. David is preparing an offer and needs to list key dates. Which of the following is NOT typically included?
#2. How often must the reserve fund study be updated?
#3. What should a buyer review to understand the financial health of a commercial condominium?
#4. David received a notice for a rent increase of 8% effective in 90 days. Is this notice valid?
#5. What is required for a salesperson to maintain competence in leasing properties?
#6. John's landlord has decided to sell the house and gave him a 60-day notice to vacate. Is this notice valid?
#7. John is leasing an office space and the landlord includes the electricity charges in the rent. What type of meter arrangement is this?
#8. What must be done when changing the irrevocable in a counter offer?
#9. How can a salesperson help a seller set the right asking price?
#10. Liam's landlord wants to sell the house and gave him a 90-day notice to vacate. Is this notice valid?
#11. What is the standard notice period a tenant must give to terminate a fixed-term lease early?
#12. When is a commercial condominium developer required to call a turnover meeting?
#13. What is the purpose of the Personal Information Protection and Electronic Documents Act (PIPEDA) in real estate?
#14. A buyer wants to make changes to their unit that affect common elements. What is required?
#15. How often can a landlord inspect a rental property?
#16. A couple is purchasing a leasehold condominium. What is unique about their ownership?
#17. A buyer wants to add a condition that allows for a structural inspection. What is this condition called?
#18. What must be included in the declaration of a commercial condominium?
#19. What document outlines the specific rules and regulations of a condominium?
#20. What is the primary benefit of conducting a credit check on a prospective tenant?
#21. What should a salesperson do if they suspect a tenant might cause issues?
#22. What is a property deed?
#23. What does 'under contract' mean in real estate?
#24. What right does a tenant have if the landlord fails to make necessary repairs?
#25. What is a shared facilities agreement?
#26. Lucas is leasing an industrial space and needs to know the total electrical capacity. Who is responsible for providing this information?
#27. Mark's landlord wants to evict him to move a family member into the unit and gave him a 120-day notice. Is this notice valid?
#28. A buyer is concerned about the financial health of a condominium. What document should they ask for?
#29. Zoe is leasing a retail space and wants to have signage rights. What should she ensure is detailed in the lease?
#30. What is the main benefit of a shared facilities agreement in a mixed-use condominium?
#31. What is the primary legislation governing residential leasing in Ontario?
#32. Jackson wants to ensure that the property's fireplace is included in the sale. Where should this be documented?
#33. What is the primary benefit of a fixed-rate mortgage?
#34. What is the primary purpose of a real estate contract?
#35. Who is responsible for maintaining common elements in a condominium?
#36. What is the role of a condominium manager?
#37. Liam's landlord entered his apartment without notice while he was at work. What can Liam do?
#38. Which of the following best describes a condominium corporation?
#39. Sophia's offer includes a condition for the sale of her current home. How long should she allow for this condition to be fulfilled?
#40. How many days' notice must a landlord give for a rent increase?
#41. What document should a buyer review to understand the governance of a commercial condominium?
#42. When must the balance due on closing be amended?
#43. What is a tenant's right if they discover the rental unit is uninhabitable?
#44. What should a salesperson do if a property is overpriced?
#45. Who must approve changes to exclusive use common elements?
#46. How often must smoke alarms be tested in rental units?
#47. Sarah is purchasing a home and wants to include a condition for a home inspection. How many days should she typically allow for this condition to be fulfilled?
#48. Zoe's apartment building was sold, and she received a 30-day notice to vacate. Is this notice valid?
#49. Which of the following is a correct statement about freehold standard condominiums?
#50. How long does a tenant have to respond to an eviction notice for non-payment of rent?
Results
Congratulations!
You have successfully passed the Practice Ontario Real Estate License Practice Exam. Your hard work and dedication have paid off, and you’re one step closer to achieving your goal of becoming a real estate professional. Keep up the great work as you prepare for the official exam. Well done!
We’re Sorry
Unfortunately, you did not pass the Practice Ontario Real Estate License Practice Exam this time. Don’t be discouraged; this is an opportunity to identify areas where you need further study and improvement. Review the materials, focus on your weak points, and try again. Your persistence and effort will lead you to success. Keep going!
