Humber Polytechnic (RECO-approved)
Humber Course 2 Exam Practice Questions
Exam 2: Residential Real Estate Transactions
Course 2 follows a residential transaction end to end: representation agreements, pricing, marketing, the offer, the agreement of purchase and sale, conditions and closing. RECO’s current handbook lists a three-hour theory exam; confirm current booking requirements with the administrator.
536 questions in our bank are tagged to this exam.
Original learning scenario for this course
Independent practice with an explanation and course review link. This is not an official exam item, full mock, approved education or registration result.
An original residential transaction exercise supplies a CAD480,000 price and a deposit stipulated at5% of that price. What deposit follows from the supplied assumption?
- CAD24,000
- CAD2,400
- CAD96,000
Preparing answer controls…
Humber Course 2 Exam at a Glance
Reference source: RECO Learner Exam Handbook v1.2 December 2025 — common Ontario assessments, checked 2026-10-13. Exam format/fee and result reporting from the current linked RECO handbook; tuition must be confirmed separately. Study topics and samples are independent, not approved course delivery.
| Exam length / questions | 3 hours / 115 multiple-choice questions |
| Exam administrator | Meazure Learning — in-person or online-proctored booking |
| Exam attempt fee | CAD120 in linked RECO handbook; confirm current billing |
| Provider tuition | Confirm current provider quote; older Humber prices not reverified |
| Result reporting | Pass/fail; no numeric passing threshold inferred |
Study-topic map — confirm the current official outline
- 1.Representing Clients in Real Estate Transactions
- 2.Documenting the Representation Agreement
- 3.Understanding Residential Property Types, Ownership, and Planning
- 4.Factors Impacting Residential Real Estate Negotiations
- 5.The Financial Aspects of the Buying and Selling Process and the Role of Qualified Service Professionals
- 6.Understanding Residential Construction – Structural Components
- 7.Understanding Residential Construction – Mechanical Systems
- 8.Understanding Residential Construction – Internal & External Finishes
- 9.Preparing to Market a Residential Real Property
- 10.How Property Conditions Impact Disclosure Requirements
- 11.Property Value and Listing Price Considerations
- 12.Representing a Seller Client in the Sale of their Property
- 13.Viewing Residential Properties and Advising on Properties of Interest
- 14.The Offer Process and Regulatory Obligations
- 15.Introducing a Residential Agreement of Purchase and Sale
- 16.Residential Agreement of Purchase and Sale: The Offer Plan
- 17.Writing Conditions to be Included in an Agreement of Purchase and Sale
- 18.Completing a Residential Agreement of Purchase and Sale, Countering an Offer, and Working with Competing Offers
- 19.Additional Sale-Related Legal Obligations
- 20.Completing Real Estate Transactions
Practice questions for this exam
A buyer's offer contains a financing condition to be fulfilled or waived within five business days after acceptance. The seller accepts on a Tuesday, and there are no holidays that week or the next. Counting from the day after acceptance, what is the last day to fulfill or waive the condition?
Residential Trading
In a typical residential real estate transaction, what happens on completion day?
Residential Trading
What type of residential property describes a unit that shares common walls with adjacent units and includes ownership of both the unit and the land beneath it?
Residential Trading
In Ontario, what is the current Land Transfer Tax rate for the first $55,000 of a residential property purchase?
Residential Trading
Under Ontario's Land Titles system, which government record shows the registered owner and the instruments affecting a property, backed by the Land Titles Assurance Fund?
Residential Trading
A first-time buyer who qualifies for both first-time rebates purchases an $800,000 home in the City of Toronto. What is the total land transfer tax payable after the Ontario refund and the Toronto rebate?
Residential Trading
Under TRESA, what is the maximum term for which an Ontario buyer representation agreement may run?
Residential Trading
Under TRESA, when must an Ontario salesperson provide the RECO Information Guide to a prospective buyer client?
Residential Trading
Free to start, no card needed. Missed questions come back for review.
Frequently Asked Questions
How long is Humber Exam 2?
RECO’s current linked handbook lists Exam 2 as 3 hours with 115 multiple-choice questions. Meazure Learning administers the common assessment for approved-provider learners; confirm your actual booking and accommodation conditions.
How much does Humber Exam 2 cost?
The linked RECO handbook lists CAD120 for one exam attempt. Provider tuition, retakes, registration and other charges are separate; confirm current billing with the responsible provider.
How many questions are on Humber Exam 2, and what is the pass mark?
The RECO handbook lists 115 questions for Exam 2. Results are reported as pass/fail without a numeric score; no numerical passing threshold is inferred from a website practice benchmark.