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. It is the longest course in the program and Exam 2 is a three-hour invigilated theory exam.
536 questions in our bank are tagged to this exam.
Humber Course 2 Exam at a Glance
Every figure below is from Humber Real Estate Education — Salesperson Program, Pre-Registration Phase, checked 2026-09-22.
| Exam length | 3 hours, invigilated |
| Delivery | Online — proctored virtually or in person (Meazure Learning) |
| Exam fee | $120 per attempt |
| Course fee | $685 (eLearning, ~150 hours) |
| Question count / pass mark | Not published by Humber |
What Humber Polytechnic says it covers
- 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?
Humber lists Exam 2 as a three-hour invigilated theory exam covering Course 2. It is written online, proctored virtually or in person, through Meazure Learning.
How much does Humber Exam 2 cost?
$120 per attempt, payable to Meazure Learning, on top of the course fee. Humber's program page is the source for both figures.
How many questions are on Humber Exam 2, and what is the pass mark?
Humber's public program page does not publish the question count or pass mark, and we do not invent them. The Learner Examination Handbook you receive on registration is the authoritative source.