ON Real Estate Sim 1 study guide
ON Real Estate Sim 1 · Work through your exam, one topic at a time.
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 study guide has 10 sections and about 4,927 words.
01Real Estate Act, Regulations and Regulatory Framework
This domain examines how real estate brokerage is regulated by statute and by the rules of the regulator. Expect questions on registration categories, the obligations that attach to a brokerage, the trust account and records requirements, advertising rules, and the disciplinary and complaints process.
581 words, about 3 min02Agency and Client Representation
Agency questions test whether you can identify who represents whom, when duties arise, and how those duties change when a brokerage acts for both sides. The exam probes fiduciary duties, disclosure timing, the difference between clients and customers, and the handling of confidential information.
527 words, about 3 min03Agreements of Purchase and Sale and Contract Law
This domain tests contract fundamentals applied to the standard offer: formation, conditions, deposits, waivers, amendments, and remedies for breach. Expect questions on when a contract becomes binding, what makes a condition enforceable, and how a buyer or seller can lose or preserve rights.
523 words, about 3 min04Real Property Law, Title and Ownership Interests
This domain covers the legal nature of land, the estates and interests that can exist in it, how title is held and transferred, and how encumbrances affect ownership. Questions test your grasp of freehold versus leasehold, co-ownership forms, easements and covenants, and the land registration system.
497 words, about 2 min05Mortgages, Financing and Financial Calculations
This domain tests mortgage law and the arithmetic a registrant must do: qualifying ratios, down payment rules, payment and amortization calculations, and the effect of rate changes. Expect calculation questions plus conceptual ones on priority, default, and discharge.
506 words, about 3 min06Property Valuation, Appraisal and Market Analysis
This domain tests how value is defined and estimated: the three approaches, the adjustment grid, capitalization, and the market forces that drive prices. Expect questions that ask you to choose the right approach for a property type and to apply a simple adjustment or cap rate calculation.
444 words, about 2 min07Land Use, Planning, Zoning and Environmental Issues
This domain tests how public regulation limits what an owner may do with land: official plans, zoning bylaws, variances, development approvals, and environmental liability. Questions often turn on the difference between permitted uses and legal non-conforming uses, and on who bears remediation risk.
470 words, about 2 min08Construction, Building Systems and Home Inspection
This domain tests practical knowledge of how a house is built and how its systems fail, so a registrant can recognize red flags and interpret inspection findings. Questions cover structure, envelope, mechanical systems, and the limits of what an inspection covers.
481 words, about 2 min09Commercial and Investment Real Estate
This domain tests the analysis of income-producing property: leases, operating statements, returns, and due diligence. Expect questions on lease structure, NOI, cash-on-cash return, and the risks specific to commercial transactions.
432 words, about 2 min10Professional Ethics, Conduct and Risk Management
This domain tests how a registrant should behave when duties collide: honesty, confidentiality, disclosure, competence, and the management of risk for the brokerage and the client. Questions are scenario-based and often have one answer that satisfies both the rules and the client's interest.
466 words, about 2 min