A retail tenant has a lease with 3% annual rent increases and pays $25 per square foot base rent plus 6% of gross sales over $500,000. If the tenant occupies 2,000 square feet and generates $800,000 in sales, what is their total annual rent?

Commercial

An investor is analyzing two similar commercial properties: Property A has an NOI of $95,000 and asks $1,100,000; Property B has an NOI of $78,000 and asks $900,000. Assuming similar risk profiles, which represents the better investment opportunity based on cap rates?

Commercial

A commercial property generates $120,000 in annual rental income with operating expenses of $35,000. If the property was purchased for $850,000, what is the capitalization rate?

Commercial

In Ontario, what is the combined Land Transfer Tax rate for a $2,000,000 commercial property purchase in Toronto?

Commercial

Under RECO regulations in Ontario, what is required when a registrant discovers a material latent defect in a commercial property during the listing period?

Commercial

What is the key advantage of a triple net lease (NNN) from a landlord's perspective?

Commercial

What is the primary difference between a gross lease and a net lease in commercial real estate?

Commercial

Under TRESA in Ontario, what is the minimum disclosure requirement when representing a commercial property seller?

Commercial

What type of commercial property would most likely use a percentage lease structure?

Commercial

In Ontario's Land Titles system, what additional step is required when registering a commercial property transaction compared to the Registry system?

Commercial

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Why Practice Questions Are Essential for Your Canadian Real Estate Exam

The Canadian real estate licensing exam is a significant milestone in your career. Whether you are preparing for the RECO exam in Ontario, the BCFSA exam in British Columbia, or the RECA exam in Alberta, consistent practice with exam-quality questions is the most effective way to prepare.

Our question bank of 1440+ questions covers all 10 major exam topics at the same difficulty level you will encounter on the actual provincial licensing exam. Each question includes a detailed explanation of why the correct answer is right and why the other options are wrong, helping you build deep understanding of Canadian real estate concepts.

Many questions also include memory techniques, real-world scenarios from the Canadian market, and exam tips specific to provincial regulations. Topics cover everything from the Torrens land registration system to FINTRAC anti-money laundering requirements — the full breadth of knowledge expected of a licensed Canadian real estate professional.

Provincial Exam Coverage

Our questions cover the common knowledge base tested across all Canadian provinces. Topics include property law, contracts, agency, mortgage finance, and regulatory compliance — all adapted to the Canadian legal and regulatory framework.

Province-specific questions are tagged so you can focus on content most relevant to your licensing jurisdiction.

Study Strategy for Success

Start with a diagnostic session to identify weak areas. Focus 2-3 days on each topic, completing 20-30 practice questions per session. Review explanations carefully even for questions you answer correctly.

Aim to score 80%+ consistently on practice questions before scheduling your exam. The provincial pass rate is typically 70-75%, so a strong practice performance gives you a comfortable margin.

Exam-level difficulty

Detailed explanations

Updated for 2026

Frequently Asked Questions

How many questions are on the Canadian real estate exam?

The number of questions varies by province. In Ontario (RECO), the exams typically have 50-100 multiple choice questions per course module. In British Columbia (BCFSA), the licensing exam has around 60-80 questions. Our question bank covers 540+ practice questions across all major topic areas.

What topics are covered on Canadian real estate licensing exams?

Canadian real estate exams cover: Real Property Law, Contracts & Agreements, Agency & Professional Ethics, Mortgage & Real Estate Finance, Land Use & Planning, Property Valuation, Real Estate Taxation, Regulatory Compliance, Residential Trading, and Commercial Real Estate.

Are these practice questions relevant for all Canadian provinces?

Yes, our questions cover the common knowledge base required across Canadian provinces. While some questions are specifically tagged for Ontario, BC, or Alberta, the majority cover fundamental concepts that apply to real estate practice across Canada.

What is the passing score for Canadian real estate exams?

Passing scores vary by province and exam. In Ontario, you generally need 75% on RECO exams. In BC, the BCFSA licensing exam requires 70%. In Alberta, RECA exams typically require 70-75%. We recommend aiming for 80%+ on practice questions to ensure exam readiness.

How should I study for the Canadian real estate exam?

We recommend a structured approach: 1) Complete all questions in your weakest topic areas first, 2) Review detailed explanations for every question (even ones you get right), 3) Use memory techniques provided with each question, 4) Take timed practice sessions to build exam endurance, 5) Focus on understanding concepts rather than memorizing answers.

Explore More Resources

Ontario (RECO)

Licensing info, exam format & requirements

British Columbia (BCFSA)

BC licensing, UBC Sauder exam details

Alberta (RECA)

Alberta licensing courses & exam info

Exam Readiness Quiz

Test if you're ready for the real exam

Real Estate Glossary

Key terms for Canadian real estate exams

All Canadian Tools

Calculators, checklists & study aids

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