Top Ontario Realtor Exam Practice Test Questions You Must Know

🎯 Introduction

Studying for the Ontario real estate licensing exam can feel like trying to hit a moving target. You’ve reviewed the material, taken notes, and maybe even gone through a few practice tests. But how do you know which questions really matter?

The answer: focus on high-yield practice questions — the ones that reflect actual exam difficulty, cover essential concepts, and train your brain to think like a real estate professional. The realtor exam practice test isn’t just about knowledge — it’s about pattern recognition, judgment calls, and applying what you’ve learned to real-world scenarios.

This guide walks you through the most important types of questions to master before your exam. Each category reflects patterns seen in Ontario’s real estate licensing tests and is designed to help you gain an edge. If you want to stop guessing and start passing, these are the questions to know.

📚 Step 1: Agency Relationship Scenarios

Agency relationships form the backbone of real estate practice. Ontario’s exams often ask about the duties owed to clients, how representation is established, and what happens in multiple representation situations.

Example Question:

A buyer client expresses interest in a property listed by your brokerage. What must you do before continuing with the transaction?

A) Advise the client of the property's condition

B) Explain your commission agreement

C) Discuss and obtain informed written consent for multiple representation

D) Disclose the seller’s motivation to sell

Correct Answer: C

Why it matters: These questions test your understanding of RECO’s Code of Ethics and your obligations under REBBA 2002. Multiple representation is a legal and ethical issue — and if you mishandle it, your license could be at risk.

🛠️ Step 2: Agreement of Purchase and Sale Questions

Expect several questions that focus on contracts, especially the Agreement of Purchase and Sale (APS) — one of the most used documents in Ontario real estate. You need to know what each section means and how it’s applied.

Example Question:

What is the effect of inserting a condition in the APS stating, “This offer is conditional upon the buyer obtaining financing within 5 business days”?

A) The deal is legally binding regardless of the buyer’s financing

B) The seller can cancel the agreement within 5 days

C) The buyer can back out without penalty if financing is not obtained

D) The condition has no legal effect unless initialed by both parties

Correct Answer: C

Why it matters: This tests your ability to apply conditional clauses, understand buyer protection, and know how deals can legally fall through. Memorizing isn’t enough — you have to apply contract language to client scenarios.

📖 Step 3: Listing and Disclosure Requirements

Ontario exams love to test your understanding of what must be disclosed in listings, what constitutes a material fact, and how to stay compliant with advertising laws.

Example Question:

Which of the following must a salesperson disclose to potential buyers when listing a property for sale?

A) That the seller is relocating out of province

B) That the seller is related to the agent

C) That the property is next to a school

D) That the property has had minor repairs

Correct Answer: B Why it matters: The Code of Ethics requires disclosure of any personal interest or relationship in a transaction. These questions force you to think like a compliant agent, not just a salesperson.

🧠 Step 4: Zoning, Title, and Land Use

These questions often appear in the real estate salesperson practice exam and trip up even well-prepared students. The exam tests your ability to understand zoning bylaws, easements, and land registry systems.

Example Question:

A buyer wants to build a duplex on a property currently zoned R1 (single-family residential). What must the buyer do before proceeding?

A) Submit an APS to the city

B) Hire a home inspector

C) Submit a rezoning application or apply for a minor variance

D) Request the listing agent revise the offer

Correct Answer: C

Why it matters: This tests your practical understanding of zoning laws and your ability to advise clients on next steps without overstepping your legal boundaries.

📝 Step 5: Trust Accounts and Commission Questions

Brokerage finance topics are especially important if you plan to eventually become a broker. Expect questions on commission payments, trust account handling, and client deposits.

Example Question:

A buyer gives you a $10,000 deposit with an accepted offer. What must you do with the funds?

A) Hold them until closing

B) Deposit them into the brokerage's trust account within 5 days

C) Send the funds directly to the seller’s lawyer

D) Return the funds to the buyer unless instructed otherwise

Correct Answer: B

Why it matters: Ontario law requires that deposits be placed in a brokerage trust account within 5 business days. These questions test your legal responsibilities in handling client funds — a critical part of maintaining your license.

🏆 Step 6: Code of Ethics Situations

No matter how much legal or technical content you study, if you miss the ethics-based questions, you’ll struggle to pass. The realtor exam ontario is designed to ensure every licensed agent protects the public interest.

Example Question:

A buyer client tells you they are willing to pay above asking price but asks you not to tell the seller’s agent. What should you do?

A) Agree, as the client’s interest is your top priority

B) Tell the seller’s agent because it may affect negotiations

C) Inform the buyer that you must disclose their full intentions

D) Review confidentiality obligations under your agency agreement

Correct Answer: D

Why it matters: These questions evaluate your ability to interpret and balance confidentiality, loyalty, and disclosure under agency law. You need to know not just what’s legal — but what’s ethical and required.

🚀 Step 7: Final Tips for Mastering High-Yield Questions

Once you’ve gone through enough realtor exam practice test questions, you’ll start to recognize patterns. Use that to your advantage.

What to focus on:

• Take 3–5 full-length Ontario-style exams

• Log every mistake and review the topic in depth

• Practice questions by category (e.g., zoning, disclosure, ethics)

• Don’t just memorize — ask yourself what you’d do in real life

• Time your practice to improve decision-making under pressure

These types of questions will appear on your exam. The better you understand them now, the more confident you’ll feel on test day.

🚀 Conclusion

Not all practice questions are created equal — and the ones we’ve covered here are the exact types that can make or break your exam. The realtor exam practice test isn’t about testing your memory — it’s about seeing if you think like a real estate professional in Ontario.

By mastering high-yield categories like agency law, disclosure, contracts, ethics, and land use, you’ll be prepared not just to pass — but to start your career with clarity and confidence. Don’t rely on luck. Study smarter by focusing on what actually shows up.

You’ve already put in the effort — now it’s time to fine-tune and pass with precision.

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