OACIQ EXAM PREP COMPREHENSIVE STUDY
GUIDE 2026 PRACTICE QUESTIONS AND
ACCURATE ANSWERS GRADED A+
◉ Protection clause requires buyer introduced during. Answer: Valid
BCI period
◉ Seller refuses to sign deed after acceptance. Answer: Breach
◉ Buyer refuses to sign deed after acceptance. Answer: Breach
◉ BCI remuneration payable when. Answer: Conditions fulfilled
◉ BCI remuneration not dependent on. Answer: Deed signature
necessarily
◉ Deposit forfeiture depends on. Answer: Contract terms
◉ Seller cannot sell through another broker during exclusive.
Answer: True
◉ Non-exclusive BCI allows multiple brokers. Answer: True
,◉ Broker must disclose dual agency. Answer: Yes
◉ Broker representing both parties must. Answer: Act fairly and
transparently
◉ Broker failure to disclose conflict. Answer: Disciplinary breach
◉ Seller's declaration is completed by. Answer: Seller
◉ Broker must verify inconsistencies in. Answer: Seller declaration
◉ Hidden defect liability governed by. Answer: Civil Code
◉ Latent defect requires. Answer: Serious, hidden, unknown defect
◉ Buyer must act diligently in inspection. Answer: Yes
◉ Zoning non-compliance affects. Answer: Use and value
◉ Undivided co-ownership risk. Answer: Solidary debt
, ◉ Divided co-ownership includes. Answer: Declaration of co-
ownership
◉ Condo fees unpaid become responsibility of. Answer: Buyer after
deed
◉ Mortgage clause must be declared fulfilled by. Answer: AS
◉ Inspection clause deadline strict?. Answer: Yes
◉ Financing clause deadline strict?. Answer: Yes
◉ AS confirms. Answer: Condition fulfillment
◉ Amendment modifies. Answer: Existing accepted contract
◉ Counterproposal replaces. Answer: Prior offer
◉ New PP required when. Answer: Fundamental terms renegotiated
after nullity
◉ PP null due to expired condition. Answer: Contract ceases
GUIDE 2026 PRACTICE QUESTIONS AND
ACCURATE ANSWERS GRADED A+
◉ Protection clause requires buyer introduced during. Answer: Valid
BCI period
◉ Seller refuses to sign deed after acceptance. Answer: Breach
◉ Buyer refuses to sign deed after acceptance. Answer: Breach
◉ BCI remuneration payable when. Answer: Conditions fulfilled
◉ BCI remuneration not dependent on. Answer: Deed signature
necessarily
◉ Deposit forfeiture depends on. Answer: Contract terms
◉ Seller cannot sell through another broker during exclusive.
Answer: True
◉ Non-exclusive BCI allows multiple brokers. Answer: True
,◉ Broker must disclose dual agency. Answer: Yes
◉ Broker representing both parties must. Answer: Act fairly and
transparently
◉ Broker failure to disclose conflict. Answer: Disciplinary breach
◉ Seller's declaration is completed by. Answer: Seller
◉ Broker must verify inconsistencies in. Answer: Seller declaration
◉ Hidden defect liability governed by. Answer: Civil Code
◉ Latent defect requires. Answer: Serious, hidden, unknown defect
◉ Buyer must act diligently in inspection. Answer: Yes
◉ Zoning non-compliance affects. Answer: Use and value
◉ Undivided co-ownership risk. Answer: Solidary debt
, ◉ Divided co-ownership includes. Answer: Declaration of co-
ownership
◉ Condo fees unpaid become responsibility of. Answer: Buyer after
deed
◉ Mortgage clause must be declared fulfilled by. Answer: AS
◉ Inspection clause deadline strict?. Answer: Yes
◉ Financing clause deadline strict?. Answer: Yes
◉ AS confirms. Answer: Condition fulfillment
◉ Amendment modifies. Answer: Existing accepted contract
◉ Counterproposal replaces. Answer: Prior offer
◉ New PP required when. Answer: Fundamental terms renegotiated
after nullity
◉ PP null due to expired condition. Answer: Contract ceases
