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Question 1
A buyer contacts a salesperson and says they want help purchasing a home but do not want to sign anything yet. Under TRESA, before the salesperson provides services that establish a client relationship, the salesperson must:
Correct Answer:
Disclose the nature of the representation being provided and explain the difference between client and self-represented party status
Question 2
A self-represented party (SRP) is buying a home listed by your brokerage, which represents the seller. The SRP asks you to give them advice on how much to offer. The most appropriate response is to:
Correct Answer:
Decline to advise or advocate for the SRP, while still providing factual information and treating them fairly and honestly
Question 3
Under TRESA, the representation agreement that creates a client relationship between a consumer and a brokerage is made with the:
Correct Answer:
Brokerage, with services provided through its registrants
Question 4
Your brokerage lists a property and is also working with a buyer who wants to make an offer on it. Under TRESA's designated representation model, the brokerage may handle this by:
Correct Answer:
Assigning different designated representatives to the seller and the buyer so each receives full representation
Question 5
A seller client instructs you to tell prospective buyers that the basement has 'never leaked,' but you know from a prior inspection report you received that it flooded two years ago. You should:
Correct Answer:
Refuse to make the false statement, because you cannot misrepresent a material fact even on a client's instruction
Question 1
Exam overview

About this Exam

Prepare with the ON Real Estate Sim 1 Practice Questions - Ontario Real Estate Simulation Exam 1 (Salesperson Program) Exam practice quiz. This question bank includes 100 questions covering buyer, seller, salesperson, offer, and asks. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ON Real Estate Sim 1 Practice Questions - Ontario Real Estate Simulation Exam 1 (Salesperson Program) Exam

This practice set contains 100 questions from the matching question bank and focuses on buyer, seller, salesperson, offer, and asks. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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