Sample Questions
Free Sample Exam Questions
Here are a few sample questions directly from our complete 160-question bank:
Sample Question 1
Which regulatory body oversees real estate licensing, rules, and licensee discipline in British Columbia?
- The BC Financial Services Authority (BCFSA) ✓
- The Real Estate Council of Ontario (RECO)
- The Canadian Real Estate Association (CREA)
- The BC Ministry of Municipal Affairs and Housing
Explanation: BCFSA is the single provincial regulator responsible for licensing, rules, and discipline under the Real Estate Services Act (RESA).
Sample Question 2
Under the Real Estate Services Act, what are the three levels of licence available to individuals in BC?
- Representative, Associate Broker, and Managing Broker ✓
- Salesperson, Senior Broker, and Executive Director
- Junior Apprentice, Master Realtor, and Principal Partner
- Residential Agent, Commercial Agent, and Strata Agent
Explanation: RESA s. 5(1) establishes four licence levels: brokerage, managing broker, associate broker and representative. The three levels open to individuals are representative (entry level), associate broker and managing broker.
Sample Question 3
When must a licensee present the Disclosure of Representation in Trading Services (DORTS) form?
- At the earliest opportunity before providing any real estate trading services to a consumer ✓
- Immediately after subjects are formally removed on a fully binding contract of purchase and sale
- Only upon receiving a signed commission disbursement check from the client on completion day
- When the buyer submits their formal mortgage pre-approval certificate from an institutional bank
Explanation: Rules s. 54(1) requires a licensee, before providing trading services to a party, to disclose whether the licensee will represent that party as a client. The disclosure must be on the Superintendent's approved form (s. 54(2)).
Sample Question 4
Under BCFSA rules, when is 'Dual Agency' permitted in British Columbia real estate transactions?
- Dual agency is strictly prohibited, with extremely rare exemptions for remote under-served areas ✓
- Dual agency is permitted provided both clients sign a standard commission agreement at listing
- Licensees can practice dual agency freely if they discount their total brokerage commission by 50%
- Dual agency is mandatory whenever two registered buyers submit competing purchase offers on one home
Explanation: Rules s. 63(1) states that a brokerage must not engage in dual agency. The only exception is s. 64(1): real estate in a remote location under-served by licensees where it is impracticable for the parties to use different licensees.
Frequently Asked Questions
Exam FAQs
Is this BC Real Estate practice test free?
Yes — free, full-length simulation tests based on the UBC Sauder Real Estate Trading Services Licensing Course.
How many questions are on the real UBC Sauder real estate exam?
The real exam consists of 100 multiple-choice questions with a 3-hour time limit. You need 70% (70/100) to pass.
What is the passing score for the BC real estate exam?
The passing mark is 70% (70 correct answers out of 100).
Can a licensee act in dual agency in British Columbia?
No — dual agency (representing both buyer and seller) is prohibited in BC with very rare exceptions in remote under-served communities.
How quickly must a deposit be placed in the brokerage trust account?
Under RESA section 27(2), a brokerage must promptly pay all money received from, for or on behalf of a principal into a brokerage trust account.
Are financial calculators allowed during the exam?
UBC Sauder recommends the Hewlett Packard 10Bii+ financial calculator. At some exam centres you can request a tablet with the 10Bii app.