Ontario RE Essentials Exam case studies
Ontario RE Essentials Exam · Put your knowledge to work in context.
Real Estate Essentials is the pre-registration education course that a candidate must complete before entering the articling (experience) stage and applying to the Real Estate Council of Ontario for registration as a salesperson. It is a foundational course, not a specialisation: it assumes no industry background and is written for career changers, recent graduates and part-time students alike. The Ontario RE Essentials Exam case studies are 5 cases and about 2,977 words.
1Same-Brokerage Buyer and Seller: Designated Representation or Multiple Representation
A salesperson at a 40-agent brokerage signs a buyer representation agreement with Priya and Dev, a couple approved to 850,000. The next morning the salesperson’s colleague at the same brokerage lists a semi-detached house in Etobicoke at 829,000 that matches the buyers’ criteria.
655 words, about 3 min2Pricing a Hamilton Semi Over the Seller’s Target
Seller Marta inherited a 1,100-square-foot, three-bedroom semi in Hamilton’s Crown Point neighbourhood and wants to list at 899,000. The salesperson’s CMA uses four recent sales of similar semis: 1,120 sq ft sold for 815,000 and needs an 8,000 upward adjustment for a finished basement; 1,050 sq ft sold for 790,000 and needs a 22,000 upward adjustment for size; 1,180 sq ft sold for 842,000 and needs a 12,000 downward adjustment for superior condition; 1,090 sq ft sold for 805,000 and needs a 14,000 upward adjustment for lot size.
567 words, about 3 min3Bully Offer on a Scheduled Offer Night
On Monday at 5 p.m., a fourth buyer’s representative submits a firm offer of 785,000 with a $30,000 deposit, irrevocable until 8 p.m. The seller calls the listing salesperson and says, “Accept it now-I don’t want to wait.” The listing salesperson has not yet told the three registered buyers that a pre-emptive offer exists.
627 words, about 3 min4Cash-Back Ad, Referral Fee, and an Unlicensed Assistant
A salesperson runs an Instagram ad: “Buy with me and get 10,000 cash back at closing!” The ad shows only the salesperson’s name and cell number, not the brokerage’s registered name. The salesperson also receives a 1,500 referral fee from a mortgage broker for each client who uses that broker, but does not disclose it.
571 words, about 3 min5New-Build Purchase: Pre-Approval, Deposit, and Land Transfer Tax
First-time buyers Wei and Lin sign an agreement to buy a new freehold house from a builder for 899,000, with HST included and all new-housing rebates assigned to the builder. The deposit is 5%, paid in three installments over 12 months; closing is 14 months away.
557 words, about 3 min