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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 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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