ON Real Estate Sim 1 case studies
ON Real Estate Sim 1 · Put your knowledge to work in context.
The ON Real Estate Sim 1 is an independent, unofficial practice simulation for candidates preparing for Ontario's real estate salesperson registration examination. It is built for people who have finished (or are close to finishing) the required pre-registration courses and want a realistic, timed multiple-choice workout before sitting the real exam. The ON Real Estate Sim 1 case studies are 5 cases and about 3,508 words.
1The Dual Representation Disclosure Deadline
Priya is a salesperson at a brokerage in a mid-sized Ontario city. A couple, Marcus and Elena, contact her about buying a resale semi-detached home listed at $749,000 by another brokerage.
792 words, about 4 min2The Conditional Offer and the Missing Financing Clause
A first-time buyer, Tomas, submits an offer on a townhouse listed at 615,000. His salesperson, Aisha, drafts an Agreement of Purchase and Sale with a 20,000 deposit, a closing date 60 days out, and a condition precedent for financing that reads: "This Offer is conditional upon the Buyer obtaining financing on terms satisfactory to the Buyer, at the Buyer's sole discretion." The seller accepts.
696 words, about 3 min3The Low Appraisal and the Lender's Condition
Nadia is pre-approved for a 480,000 mortgage at 5.25% amortized over 25 years with a five-year term. She has an accepted offer at 600,000 with a 20% down payment of 120,000.
653 words, about 3 min4The Zoning Certificate That Did Not Match the Use
A buyer, Grace, purchases a mixed-use building with a ground-floor commercial unit and two residential apartments above. The listing described the ground floor as "legal retail." Grace plans to open a small bakery with a commercial oven and a seating area for 12.
694 words, about 3 min5The Commercial Lease Commission Dispute
A landlord, Halcyon Holdings, lists a 4,200 sq ft retail unit for lease at 28 per sq ft net, with a five-year term and a three-month fixturing period at 50% rent. A tenant, Brightleaf, is represented by a broker named Carmen.
673 words, about 3 min