OACIQ Actual Exam Practice Exam Newest 2025/2026
Complete Questions And 100%Correct Detailed
Answers | Latest Update!!
What are the mandatory mentions for a broker acting on
their own account? - ANSWER--Full name as per OACIQ
license
-Type of license in full (residential real estate broker)
What are the mandatory mentions for business cards,
signs, social media,emails & website? - ANSWER--Full
name as per OACIQ license
-Type of license in full (ie: residential real estate broker)
-Name of Agency
,-Type of license of the agency (real estate agency)
What are the mandatory mentions for newspaper
periodical ads? - ANSWER--Full name as per OACIQ
license
-Type of license in full (Res. R.E. Bkr is accepted)
-Name of agency
*same optional mentions as business cards, signs...
What are the OACIQs departments? - ANSWER--
Administrative department
-Assistance service
-Syndic
-Inspection committee
,-Discipline committee
What are the powers of the OACIQ? - ANSWER--Act as a
conciliator/mediator
-Stop an advertisement
-Make a search
-Refuse a license
-Regulate
-Determine specialist titles
-Established an insurance fund (aren't obligated to by may
do so)
What are the professional actions before signing a PP? -
ANSWER--Compare DS to index of immovables
, -Get the DS, listing & documents uploaded to Centris
(make acknowledgment of receipt
*To give your clients advise on DS you need to have a
BCP signed
-Recommend a reasonable deposit to show seriousness
-Recommend a pre-purchase inspection (recommend a
MINIMUM of 2 inspectors)
-Recommend a financial condition (conditional upon new
mortgage)
-Recommend a condition on verification of documents
-Purpose comparables to advise on price (only if a BCP is
signed)
-Clearly identify inclusions/exclusions
Complete Questions And 100%Correct Detailed
Answers | Latest Update!!
What are the mandatory mentions for a broker acting on
their own account? - ANSWER--Full name as per OACIQ
license
-Type of license in full (residential real estate broker)
What are the mandatory mentions for business cards,
signs, social media,emails & website? - ANSWER--Full
name as per OACIQ license
-Type of license in full (ie: residential real estate broker)
-Name of Agency
,-Type of license of the agency (real estate agency)
What are the mandatory mentions for newspaper
periodical ads? - ANSWER--Full name as per OACIQ
license
-Type of license in full (Res. R.E. Bkr is accepted)
-Name of agency
*same optional mentions as business cards, signs...
What are the OACIQs departments? - ANSWER--
Administrative department
-Assistance service
-Syndic
-Inspection committee
,-Discipline committee
What are the powers of the OACIQ? - ANSWER--Act as a
conciliator/mediator
-Stop an advertisement
-Make a search
-Refuse a license
-Regulate
-Determine specialist titles
-Established an insurance fund (aren't obligated to by may
do so)
What are the professional actions before signing a PP? -
ANSWER--Compare DS to index of immovables
, -Get the DS, listing & documents uploaded to Centris
(make acknowledgment of receipt
*To give your clients advise on DS you need to have a
BCP signed
-Recommend a reasonable deposit to show seriousness
-Recommend a pre-purchase inspection (recommend a
MINIMUM of 2 inspectors)
-Recommend a financial condition (conditional upon new
mortgage)
-Recommend a condition on verification of documents
-Purpose comparables to advise on price (only if a BCP is
signed)
-Clearly identify inclusions/exclusions
