200 Questions and Correct Answers
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EXAM OVERVIEW
The Saskatchewan Real Estate Salesperson Licensing Exam is administered by the Saskatchewan
Real Estate Commission (SREC) in partnership with UBC Sauder's Real Estate Division.
Candidates must complete two phases of education: Phase 1 – Real Estate as a Professional
Career (foundational topics including legal framework, ethics, land ownership, agency, and
contract law) and Phase 2 – Residential Real Estate as a Professional Career (specialty content
including representing sellers/buyers, home construction, and the residential contract of
purchase and sale) .
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SECTION 1: LICENSING AND REGISTRATION
1. Which of the following is required for a person to be licensed as a real estate broker in
Saskatchewan?
a) Must have a minimum of 2 years experience as a salesperson
b) Must complete an approved broker education course
c) Must submit a criminal record check
d) All of the above
Answer: d) All of the above
,Rationale: To become a licensed broker in Saskatchewan, candidates must meet experience
requirements, complete the approved broker course, and submit a criminal record check .
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2. The primary role of a real estate broker is to:
a) Represent clients in negotiations
b) Manage brokerage operations
c) Supervise salespersons
d) All of the above
Answer: d) All of the above
Rationale: Brokers have multiple responsibilities, including client representation, brokerage
management, and supervision of salespersons .
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3. A registrant providing real estate services under the supervision of a broker is a:
a) Salesperson
b) Associate broker
c) Branch manager
d) Property manager
Answer: a) Salesperson
,Rationale: A salesperson is a registrant who provides real estate services under the supervision
of a broker .
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4. An associate broker is a registrant who:
a) Has no experience requirements
b) Meets the educational and experience requirements to be a broker but provides services
under the supervision of a broker
c) Is not required to complete continuing education
d) Can operate independently without broker supervision
Answer: b) Meets the educational and experience requirements to be a broker but provides
services under the supervision of a broker
Rationale: An associate broker meets the educational and experience requirements to be a
broker but provides real estate services under the supervision of a broker .
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5. What are a broker's three primary responsibilities? (Select three)
a) Responsibility for the brokerage
b) Responsibility for exercising the rights conferred on the brokerage and the performance of
duties imposed by its license
c) Responsibility for the control and conduct of the brokerage's real estate business, including
supervision of its related registrants
d) Responsibility for personal investment decisions
, Answer: a, b, c
Rationale: A broker's three primary responsibilities are: (1) responsibility for the brokerage; (2)
responsibility for exercising the rights conferred on the brokerage and the performance of
duties imposed by its license; and (3) responsibility for the control and conduct of the
brokerage's real estate business, including the supervision of its related registrants .
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6. A registrant (commonly a firm) on behalf of which other registrants provide real estate
services is referred to as a:
a) Salesperson
b) Brokerage
c) Commission
d) Board
Answer: b) Brokerage
Rationale: A brokerage is a registrant (commonly a firm) on behalf of which other registrants
provide real estate services .
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7. A branch manager is a registrant who:
a) Has no supervisory responsibilities
b) Meets the educational and experience requirements to be a managing broker, has signing
authority for all matters pertaining to their branch office, and has the supervisory
responsibilities of a broker over that branch office