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Humber Course 5 Getting Started Exam Study Guide

The final pre-registration course covering how to launch your real estate career. Free preview includes one full lesson and 10 practice questions.

Exam at a glance

Questions
Time
Pass mark
Practice Qs in bank
10

Course 5 is the final pre-registration course in the Humber salesperson program. Unlike Courses 1-4, Course 5 has no proctored examination — it is delivered as guided online learning with embedded knowledge checks. Completion grants eligibility to register with RECO and begin practising real estate.

What gets tested most

  • Choosing a brokerage — independent vs franchise, commission splits, desk fees, and broker support models
  • Setting up your business — registration, HST, professional insurance, marketing budgets
  • Building your client pipeline — sphere of influence, social media, open houses, referral systems

Common traps that fail students

  • !Joining a brokerage based purely on commission split — desk fees, training, and lead provision matter equally
  • !Underestimating the first-year cost of running a real estate business — most new agents spend $5,000-$15,000 before their first commission cheque
  • !Skipping the Course 5 modules — Humber's post-registration audits flag agents who rushed through, which can affect future registration renewals

Recommended study plan

  1. 1

    Complete each Course 5 module fully — there's no shortcut and the content is genuinely useful for your first year

  2. 2

    Interview 3-5 brokerages before choosing one — bring a checklist of split, fees, training, and lead support

  3. 3

    Build a 12-month business plan during Course 5 — many top producers do this exercise and credit it for their early traction

  4. 4

    Connect with 2-3 mentors in your area before registering — find them through Humber's alumni network or local real estate boards

  5. 5

    Register with RECO immediately after completing Course 5 — eligibility expires 12 months after course completion

Topics covered on this exam

Setting Up Your Real Estate Business

Practice 10+ questions for this exam

ExamAce gives you exam-style questions across every topic above, AI tutoring on every answer, and a pass-probability score that updates as you study. Free trial includes 3 courses; subscribe to unlock the full bank for $29.99/month.

Frequently asked questions

Is there a Course 5 exam?

No. Course 5 is delivered as guided online learning with embedded knowledge checks — there is no separate proctored exam. Completion is recorded automatically when all modules are finished.

How long does Course 5 take?

Most students complete Course 5 in 20-40 hours of focused work over 2-4 weeks. The pacing is self-directed, but you must finish within 6 months of starting to remain in the program.

Can I take Course 5 before Simulation 2?

No. Course 5 is the final course in the salesperson program — you must pass Courses 1-4 plus Simulations 1 and 2 before starting Course 5.

What happens after I complete Course 5?

You become eligible to register with RECO as a salesperson. You then choose a brokerage, complete RECO's registration application (currently $590), and begin practising real estate.

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