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Question 1
Under TRESA, when a brokerage agrees to represent a seller, the document that creates this client relationship is the:
Correct Answer:
Seller Representation Agreement (listing agreement)
Question 2
Under TRESA, before providing services a salesperson must give a consumer the standardized RECO document that explains representation options and the difference between a client and a customer. This document is the:
Correct Answer:
Information Guide
Question 3
A consumer signs a Customer Service Agreement rather than a representation agreement. The brokerage's primary obligation to that customer is to:
Correct Answer:
Provide conscientious and competent service and exercise reasonable care, but not act as a fiduciary
Question 4
A Seller Representation Agreement contains a holdover clause of 90 days. What does this clause generally provide?
Correct Answer:
Commission may be payable if, within 90 days after expiry, the property sells to a buyer introduced during the listing period
Question 5
Under TRESA, when one brokerage has been designated to represent both the seller and the buyer in the same transaction through different designated representatives, this is known as:
Correct Answer:
Designated representation with multiple representation at the brokerage level
Question 1
Exam overview

About this Exam

Prepare with the ON Residential Transactions Exam Practice Questions - Ontario Residential Real Estate Transactions Exam (Humber Course 2) Exam practice quiz. This question bank includes 100 questions covering buyer, offer, seller, agreement, and salesperson. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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ON Residential Transactions Exam Practice Questions - Ontario Residential Real Estate Transactions Exam (Humber Course 2) Exam

This practice set contains 100 questions from the matching question bank and focuses on buyer, offer, seller, agreement, and salesperson. 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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