100% Canadian Created
Humber Course 3 Additional Residential Transactions Exam Study Guide
Builds on Course 2 with more complex residential scenarios including condominiums, new construction, rural properties, and transactions involving multiple offers or unique conditions.
Exam at a glance
Course 3 is a 100-question multiple-choice exam, 150 minutes, 75% to pass. The course expands beyond standard residential into condominiums, new construction, rural, and waterfront. Expect roughly 30% of questions to test condominium-specific rules (status certificates, reserve funds, common element calculations).
What gets tested most
- Condominium status certificates: what's in them, the buyer's 10-day right to review, and what reserve fund adequacy means
- Tarion warranty coverage for new construction: what's covered in years 1, 2, and 7, and the deposit protection limit
- Well, septic, and zoning verification on rural properties: the buyer's due-diligence obligations and the registrant's disclosure duties
Common traps that fail students
- !Missing that the 10-day status-certificate review period is from receipt of the certificate, not signing of the offer
- !Confusing the Tarion deposit limit ($60,000 for freehold, varies for condos) with total deposit caps in standard APS
- !Assuming rural property with frontage on a road has guaranteed road access. Exam tests the difference between municipal, private, and unopened road allowance
Recommended study plan
- 1
Spend 2-3 days mastering condominium content. It carries the most weight and the fewest students study it deeply
- 2
Build a one-page cheat sheet of Tarion warranty terms. Print it, read it daily until automatic
- 3
Practice 100+ scenario questions specifically on rural and waterfront properties
- 4
Work through complex offer condition drills. Course 3 layers conditions on top of Course 2 fundamentals
- 5
Take a full-length timed mock exam at least 5 days before the real exam. Fix gaps in the remaining time
Topics covered on this exam
Practice 200+ questions for this exam
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Frequently asked questions
What does Humber Course 3 cover?▾
Course 3 covers additional residential real estate transactions: condominiums, new construction, rural properties, waterfront, and complex offer scenarios that build on Course 2 fundamentals.
Is Course 3 the last course before Simulation 1?▾
Yes. After passing Course 3, students enter Simulation 1, which is an applied scenario-based assessment combining Courses 1, 2, and 3.
How is Course 3 different from Course 2?▾
Course 2 covers standard residential transactions. Course 3 covers the unusual cases: condos, new construction, and rural. Properties where standard APS clauses don't fit cleanly.
What's the hardest topic on Course 3?▾
Most students find condominium status-certificate analysis the hardest. Interpreting reserve fund adequacy, special assessments, and pending lawsuits requires multi-step reasoning under exam time pressure.