Saskatchewan Real Estate Salesperson Licensing Exam Practice 200
Questions with Correct Answers & Detailed Rationales
This comprehensive practice exam is designed for candidates preparing for the Saskatchewan
Real Estate Salesperson Licensing Examination. The exam is administered by the Saskatchewan
Real Estate Commission (SREC) and delivered through the UBC Sauder School of Business Real
Estate Division .
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EXAM OVERVIEW
| Component | Details |
|---------------|-------------|
| Phase 1 Exam | 3 hours, 100 multiple-choice questions, 70% passing grade |
| Phase 2 Exam | 2 hours, 60 multiple-choice questions, 70% passing grade |
| Maximum Attempts | 3 attempts per exam |
| Testing Locations | Regina, Saskatoon, Melfort |
| Exam Sittings | February, March, April, June, July, September, October, November |
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SECTION 1: REAL ESTATE LICENSING & REGULATIONS (Questions 1-35)
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Question 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
Correct 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 .
---
Question 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
Correct Answer: D) All of the above
Rationale: Brokers have multiple responsibilities, including client representation, brokerage
management, and supervision of salespersons .
---
,Question 3:
A brokerage trust account must be used for:
A) Personal funds of the broker
B) Client funds, such as deposits and rent
C) Office operational expenses
D) Commission payouts
Correct Answer: B) Client funds, such as deposits and rent
Rationale: Trust accounts are specifically for handling client funds, ensuring they are separated
from the brokerage's own money .
---
Question 4:
What is the minimum age requirement to register as a real estate salesperson in Saskatchewan?
A) 16 years
B) 17 years
C) 18 years
D) 21 years
Correct Answer: C) 18 years
Rationale: Applicants must be at least 18 years of age to register with the Saskatchewan Real
Estate Commission .
, ---
Question 5:
What is the educational requirement for Saskatchewan real estate registration?
A) Grade 10 completion
B) Grade 12 graduation or equivalent
C) University degree
D) No formal education required
Correct Answer: B) Grade 12 graduation or equivalent
Rationale: Students must be Grade 12 graduates or have equivalent educational credentials .
---
Question 6:
Which courses must a student complete to become registered for residential real estate
trading?
A) Phase 1 only
B) Phase 2 only
C) Phase 1 and Phase 2 Residential
D) Phase 1, Phase 2 Residential, and Phase 2 Commercial
Correct Answer: C) Phase 1 and Phase 2 Residential
Questions with Correct Answers & Detailed Rationales
This comprehensive practice exam is designed for candidates preparing for the Saskatchewan
Real Estate Salesperson Licensing Examination. The exam is administered by the Saskatchewan
Real Estate Commission (SREC) and delivered through the UBC Sauder School of Business Real
Estate Division .
---
EXAM OVERVIEW
| Component | Details |
|---------------|-------------|
| Phase 1 Exam | 3 hours, 100 multiple-choice questions, 70% passing grade |
| Phase 2 Exam | 2 hours, 60 multiple-choice questions, 70% passing grade |
| Maximum Attempts | 3 attempts per exam |
| Testing Locations | Regina, Saskatoon, Melfort |
| Exam Sittings | February, March, April, June, July, September, October, November |
---
SECTION 1: REAL ESTATE LICENSING & REGULATIONS (Questions 1-35)
---
Question 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
Correct 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 .
---
Question 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
Correct Answer: D) All of the above
Rationale: Brokers have multiple responsibilities, including client representation, brokerage
management, and supervision of salespersons .
---
,Question 3:
A brokerage trust account must be used for:
A) Personal funds of the broker
B) Client funds, such as deposits and rent
C) Office operational expenses
D) Commission payouts
Correct Answer: B) Client funds, such as deposits and rent
Rationale: Trust accounts are specifically for handling client funds, ensuring they are separated
from the brokerage's own money .
---
Question 4:
What is the minimum age requirement to register as a real estate salesperson in Saskatchewan?
A) 16 years
B) 17 years
C) 18 years
D) 21 years
Correct Answer: C) 18 years
Rationale: Applicants must be at least 18 years of age to register with the Saskatchewan Real
Estate Commission .
, ---
Question 5:
What is the educational requirement for Saskatchewan real estate registration?
A) Grade 10 completion
B) Grade 12 graduation or equivalent
C) University degree
D) No formal education required
Correct Answer: B) Grade 12 graduation or equivalent
Rationale: Students must be Grade 12 graduates or have equivalent educational credentials .
---
Question 6:
Which courses must a student complete to become registered for residential real estate
trading?
A) Phase 1 only
B) Phase 2 only
C) Phase 1 and Phase 2 Residential
D) Phase 1, Phase 2 Residential, and Phase 2 Commercial
Correct Answer: C) Phase 1 and Phase 2 Residential
