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Question 1 Under TRESA, a salesperson is allowed to have an unregistered individual help them with certain tasks related to real estate trading. Which of the following tasks is an unregistered assistant allowed to carry out?

1. An unregistered assistant is permitted to give a seller guidance on any modifications to the listing agreement.
2. An unregistered assistant is allowed to go door-to-door to approach prospective clients as part of promotional efforts.
3. An unregistered assistant is permitted to escort a buyer customer through a property during a viewing.
4. An unregistered assistant is allowed to arrange meeting times for a salesperson to show properties.

Question 2 Which of the following best describes a function served by the Code of Ethics?

1. Provides protection for registrants
2. Enhances the reputation of the regulatory authority
3. Advances the interests of real estate businesses
4. Safeguards the interests of the general public

Question 3 Once the sellers and buyers reach a mutually accepted agreement following discussions, which obligation is fulfilled according to contract law?

1. Obligation in writing
2. Obligation under the law
3. Obligation based on ethics
4. Obligation involving money

Question 4 What is the correct rule about the deposit a landlord may request from a tenant who pays rent weekly?

1. The deposit has to cover both the first and the final week's rent.
2. The deposit cannot be lower than the amount of one month's rent.
3. Landlords are not allowed to take a deposit from weekly renters.
4. The deposit is limited to an amount no greater than one week's rent.

Question 5 Which option accurately outlines the current Ontario Fire Code rules for carbon monoxide detectors in a single-family residence that contains a fuel-burning device?

1. Carbon monoxide detectors are required to be no older than two years and positioned close to any fuel-burning equipment.
2. Carbon monoxide detectors have to be registered with the local fire department to undergo annual inspections.
3. Carbon monoxide detectors are required to be located next to every sleeping area and on all levels of the dwelling.
4. Every home must have at least one carbon monoxide detector positioned beside a smoke alarm.

Question 6 A buyer wants to purchase a triplex situated in an area now zoned exclusively for single-family residential use. The property was originally built under zoning that permitted multi-family residential development. Which of the following statements correctly describes the zoning status of this property?

1. The buyer is not permitted to maintain the existing use, as that use is no longer valid given the rezoning that has taken place.
2. The buyer may maintain the existing use, provided that written approval is obtained from the current property owners.
3. The buyer is not permitted to maintain the existing use, because when ownership of the property transfers, the use automatically converts to what is currently allowed under the new zoning.
4. The buyer is entitled to maintain the existing use, given that the structure was in compliance with the applicable zoning bylaws at the time it was originally built and is therefore recognized as a legal non-conforming use.

Question 7 Which of the following is governed by the Ontario Fire Code but is not covered by the Ontario Building Code?

1. The design and construction of newly built structures
2. The remodeling of already existing structures
3. The placement of combustible substances within buildings
4. The incorporation of new elements into existing buildings

Question 8 A salesperson is touring a three-storey house with their buyer client, who notices only two smoke detectors are present and asks for an explanation. Which of the following would be an appropriate response from the salesperson regarding fire code requirements?

1. For this property to meet fire code requirements, smoke alarms must be placed outside sleeping areas and on every floor of the home, the basement included.
2. Under fire code rules, a home is considered compliant as a retrofit as long as it has at least one smoke alarm and one carbon monoxide detector.
3. The fire department conducts yearly inspections and will notify you if additional smoke alarms are required for the home.
4. It falls on the seller to make sure an adequate number of smoke alarms are in place, and they will likely address this after the sale is finalized.

Question 9 A salesperson's friend refers them to an overseas buyer who is currently located abroad. According to FINTRAC, what is the appropriate method for the salesperson to confirm this buyer's identity?

1. Request that the buyer email a scanned image of their passport.
2. Depend on the referring friend's familiarity with the foreign buyer's identity.
3. Move forward with the transaction and address identity verification only if a problem emerges.
4. Appoint an agent or mandatary to carry out the identity verification on the buyer's behalf.

Question 10 A salesperson is preparing an offer for a buyer client and several movable items are to be part of the sale price. What guidance should the salesperson give the buyer about these included items?

1. These items must be treated as permanent attachments to be covered by the sale.
2. These items need to be listed in the Agreement of Purchase and Sale.
3. These items should be left out of the Agreement of Purchase and Sale.
4. These items must be taken away by the seller before the closing date.