Broker Final exam
The Broker Final Exam comes at the end of RECO's broker program. It covers setting up and running a brokerage, managing staff, and the ongoing duties of a broker of record. The real exam has 115 multiple-choice questions in 3 hours, results are pass or fail, and failing twice means repeating the whole program.
Official exam: Real Estate Broker Final Exam (RECO Broker Program), by Real Estate Council of Ontario (RECO).
| Questions | 115 multiple choice |
|---|---|
| Time | 180 minutes |
| Pass mark | Pass/Fail. RECO does not publish a percentage. |
| Delivery | live-proctored; online (ProctorU) or in person at a Meazure Learning test centre |
| Fee | CAD $120 per attempt |
| Attempts | A second attempt can be purchased after a fail. Failing twice means re-enrolling in and repeating the entire Real Estate Broker Program. |
| Language | English |
What the exam covers
- Brokerage planning and start-up
- Business management of a brokerage
- Human resources: hiring, supervising and training registrants
- Ongoing oversight and broker-of-record responsibilities
- TRESA compliance for brokerages
- Trust accounts, records and deposits
Sample questions
In our own words, from this exam area. Try five more on the home page.
Under TRESA, what must a salesperson be registered as before they can trade in real estate in Ontario?
- A salesperson of a brokerage
- A salesperson working on their own, with no brokerage
- A member of a local real estate board only
- A licensed lawyer or paralegal
Show the answer
A. TRESA says no one may trade as a salesperson unless registered as a salesperson of a brokerage. A salesperson always works through a brokerage.
A brokerage receives a buyer's deposit to hold in trust. Under TRESA, where must the brokerage put this money?
- In a trust account the brokerage keeps in Ontario
- In the brokerage's general operating account
- In the salesperson's personal bank account
- In any account, including one outside Canada
Show the answer
A. TRESA requires every brokerage to keep a designated trust account in Ontario and deposit all money it holds in trust for others into it.
Questions about BROKER-FINAL
Is this the real Real Estate Council of Ontario exam?
No. This is practice built to the published format of the official exam. The real exam is run by Real Estate Council of Ontario (RECO).
What is the pass mark?
Pass/Fail. RECO does not publish a percentage.
How long do I have access?
30 days from when your access is activated. Need more time? You can buy the course again.
When does it open?
Tap "Notify me when it opens" and we message you as soon as this course is ready.