Ontario-Specific Standards Practice Questions

Question 1 of 5

The Landlord and Tenant Board (LTB) in Ontario is:

• AA private mediation service with no enforcement authority, as the negotiated lease terms address the key commercial considerations including rent escalation, operating expenses, improvement allowances, and permitted use restrictions
• BAn advisory committee that makes non-binding recommendations, as the negotiated lease terms address the key commercial considerations including rent escalation, operating expenses, improvement allowances, and permitted use restrictions
• CA quasi-judicial tribunal that resolves disputes between landlords and tenants, handles eviction applications, and enforces the Residential Tenancies Act — its orders are binding and enforceable
• DA real estate board that manages rental listings, as the negotiated lease terms address the key commercial considerations including rent escalation, operating expenses, improvement allowances, and permitted use restrictions

Question 2 of 5

An interprovincial candidate is reviewing Ontario's Agreement of Purchase and Sale (OREA Form 100). A feature that may differ from their home province's equivalent form is:

• AThe form is identical to every other province's APS form real estate
• BOntario's Form 100 includes specific provisions for the irrevocability period, separate schedules for conditions and additional clauses, and specific Ontario references such as land transfer tax adjustments and the Planning Act compliance clause
• COntario does not use written agreements for real estate purchases
• DThe form only covers commercial transactions, noting that form 100 is the residential aps form

Question 3 of 5

In Ontario, the standard forms used in residential real estate transactions are primarily developed by:

• AThe Ontario government's Ministry of Housing
• BEach individual brokerage designs its own unique forms real estate
• CThe Ontario Real Estate Association (OREA), which provides standardized forms including the Agreement of Purchase and Sale, representation agreements, and various schedules and clauses
• DRECO mandates a single form for all transaction types real estate

Question 4 of 5

An interprovincial candidate should know that Ontario's approach to buyer representation differs from some provinces. In Ontario:

• ABuyer representation does not exist — all salespersons represent the seller, based on the representation framework under TRESA that defines the duties owed to represented clients and the requirements for formalizing the agency relationship
• BBuyer representation is well-established and documented through a Buyer Representation Agreement (BRA), which formally establishes the brokerage's duties to the buyer client including fiduciary-type obligations
• CBuyers can only be served as customers, never as clients, under the terms of the representation agreement, which establishes the scope of services, duration, compensation, and obligations between the client and the brokerage
• DBuyer representation is only available for commercial transactions, based on the representation framework under TRESA that defines the duties owed to represented clients and the requirements for formalizing the agency relationship

Question 5 of 5

In Ontario, unit owners are required to contribute to common expenses. If a unit owner fails to pay their common expenses, the condominium corporation:

• AHas no recourse — common expenses are voluntary, considering that common expenses are mandatory obligations, not voluntary contributions
• BCan register a lien against the unit for unpaid common expenses, which takes priority over most other encumbrances including mortgages for a period of up to three months of common expenses plus costs
• CCan only send reminder letters but has no enforcement power
• DMust wait until the unit is sold to collect arrears