OACIQ Certification Complete Exam
Practice Questions with Correct Answers &
Detailed Rationales
Core Domains Covered
• Exam Format & Preparation – Digital exam structure, FCQ and OSAQ
question types, passing requirements, competency framework, accumulation
of skills rules
• Brokerage Contracts – Brokerage Contract to Sell (BCS), Declarations by
the Seller (DS), Promise to Purchase (PP), Counter-Proposals, brokerage
contract clauses, seller's reserve
• Legal Framework & Real Estate Law – Civil Code of Quebec, Real Estate
Brokerage Act, regulations, agency relationships, professional ethics,
mandatory disclosures
• Real Estate Transactions – Promise to Purchase, Sales Agreement,
conditions precedent, legal warranties, sale by court order, syndicate of co-
ownership
• Financing & Mortgages – Mortgage types, hypothec, loan pre-approval,
financing conditions, payment calculation, amortization
• Professional Ethics & Obligations – Duty of loyalty, duty to inform,
conflicts of interest, confidentiality, professional conduct, OACIQ Code of
Ethics
• Immovable Property & Rights – Types of ownership, co-ownership,
servitudes, easements, cadastre, title search, hypothec
• Agency Law & Representational Obligations – Agency relationships, dual
agency, multiple representation, disclosure, consent
SECTION 1: EXAM FORMAT & PREPARATION (Questions 1–15)
,1. What are the two main types of questions on the OACIQ digital
certification exam?
A. Multiple choice and essay questions
B. Forced-choice questions (FCQ) and open-ended short answer questions
(OSAQ)
C. True/False and fill-in-the-blank
D. Case studies and oral presentations
Rationale: The OACIQ digital exam uses FCQs (short scenarios with four answer
choices, only one correct) and OSAQs (candidate writes a precise, succinct
answer). The exam is held over two consecutive half-days, each divided into two
blocks of 3.5 hours.
2. To pass the OACIQ certification exam, a candidate must:
A. Achieve a score of 70% or higher
B. Score higher than the average of all candidates
C. Master all competencies outlined in the competency framework
D. Complete at least 50% of questions correctly
Rationale: There is no passing grade percentage. Candidates must demonstrate
proficiency in ALL competencies listed in the framework corresponding to the
type of brokerage they wish to practice. For residential, there are seven
competencies; for commercial, six competencies.
3. Since December 1, 2024, what is the rule regarding accumulation of skills
for the OACIQ exam?
A. Candidates can accumulate skills over multiple exam attempts
B. Skills successfully completed in a previous exam are carried forward for 12
months
C. If a candidate fails one or more competencies, they must retake and pass
the whole exam again
D. Candidates only need to retake failed competencies
Rationale: The accumulation of skills ended November 30, 2024. For candidates
who started their evaluation process since December 1, 2024, all competencies
,must be completed in one exam attempt. If any competency is failed, the candidate
must retake the entire exam.
4. What is the first step to becoming a real estate broker in Quebec?
A. Passing the OACIQ certification exam
B. Completing a basic training program recognized by the OACIQ
C. Finding a real estate agency to work for
D. Registering with FINTRAC
Rationale: Completing a recognized basic training program is the first step leading
to a real estate broker career. Only successful completion of a recognized program
gives access to the OACIQ certification exams.
5. How should candidates prepare for the digital exam platform?
A. No preparation is needed; the platform is intuitive
B. Complete the digital exam platform exploration activity at least 20 days
before the exam
C. Take an in-person computer training course
D. Watch YouTube tutorials on the exam platform
Rationale: At least 20 days prior to the OACIQ certification exam, candidates
receive an exam invitation with a hyperlink to access and explore the digital exam
platform. This activity familiarizes candidates with the platform features for
smooth navigation during the exam.
6. How many competencies must a residential real estate broker candidate
master?
A. Five competencies
B. Six competencies
C. Seven competencies
D. Eight competencies
, Rationale: For residential real estate brokerage, there are seven competencies that
candidates must master. For commercial brokerage, there are six competencies. All
competencies must be passed in one exam attempt.
7. The OACIQ certification exam is held over:
A. One day
B. Two consecutive half-days
C. Three days
D. One week
Rationale: The exam is held over two consecutive half-days, each divided into two
blocks of 3.5 hours. The exam is administered digitally through a secure platform.
8. What is the structure of a Forced-Choice Question (FCQ) on the OACIQ
exam?
A. A case study with multiple correct answers
B. A short scenario with four answer choices, only one of which is correct
C. An essay question requiring a detailed response
D. A true/false question
Rationale: FCQs present a short scenario with four answer choices, of which only
one is correct. The candidate must read the scenario carefully, consider the facts,
and select the best answer among the options.
9. What is the structure of an Open-Ended Short Answer Question (OSAQ)
on the OACIQ exam?
A. An essay question requiring a detailed response
B. A scenario where the candidate writes a precise, succinct answer
C. A multiple-choice question with multiple correct answers
D. A true/false question
Rationale: OSAQs present a scenario where the candidate must write a precise,
succinct answer. The answer must be accurate, complete, and demonstrate the
candidate's ability to apply their knowledge to the situation.
Practice Questions with Correct Answers &
Detailed Rationales
Core Domains Covered
• Exam Format & Preparation – Digital exam structure, FCQ and OSAQ
question types, passing requirements, competency framework, accumulation
of skills rules
• Brokerage Contracts – Brokerage Contract to Sell (BCS), Declarations by
the Seller (DS), Promise to Purchase (PP), Counter-Proposals, brokerage
contract clauses, seller's reserve
• Legal Framework & Real Estate Law – Civil Code of Quebec, Real Estate
Brokerage Act, regulations, agency relationships, professional ethics,
mandatory disclosures
• Real Estate Transactions – Promise to Purchase, Sales Agreement,
conditions precedent, legal warranties, sale by court order, syndicate of co-
ownership
• Financing & Mortgages – Mortgage types, hypothec, loan pre-approval,
financing conditions, payment calculation, amortization
• Professional Ethics & Obligations – Duty of loyalty, duty to inform,
conflicts of interest, confidentiality, professional conduct, OACIQ Code of
Ethics
• Immovable Property & Rights – Types of ownership, co-ownership,
servitudes, easements, cadastre, title search, hypothec
• Agency Law & Representational Obligations – Agency relationships, dual
agency, multiple representation, disclosure, consent
SECTION 1: EXAM FORMAT & PREPARATION (Questions 1–15)
,1. What are the two main types of questions on the OACIQ digital
certification exam?
A. Multiple choice and essay questions
B. Forced-choice questions (FCQ) and open-ended short answer questions
(OSAQ)
C. True/False and fill-in-the-blank
D. Case studies and oral presentations
Rationale: The OACIQ digital exam uses FCQs (short scenarios with four answer
choices, only one correct) and OSAQs (candidate writes a precise, succinct
answer). The exam is held over two consecutive half-days, each divided into two
blocks of 3.5 hours.
2. To pass the OACIQ certification exam, a candidate must:
A. Achieve a score of 70% or higher
B. Score higher than the average of all candidates
C. Master all competencies outlined in the competency framework
D. Complete at least 50% of questions correctly
Rationale: There is no passing grade percentage. Candidates must demonstrate
proficiency in ALL competencies listed in the framework corresponding to the
type of brokerage they wish to practice. For residential, there are seven
competencies; for commercial, six competencies.
3. Since December 1, 2024, what is the rule regarding accumulation of skills
for the OACIQ exam?
A. Candidates can accumulate skills over multiple exam attempts
B. Skills successfully completed in a previous exam are carried forward for 12
months
C. If a candidate fails one or more competencies, they must retake and pass
the whole exam again
D. Candidates only need to retake failed competencies
Rationale: The accumulation of skills ended November 30, 2024. For candidates
who started their evaluation process since December 1, 2024, all competencies
,must be completed in one exam attempt. If any competency is failed, the candidate
must retake the entire exam.
4. What is the first step to becoming a real estate broker in Quebec?
A. Passing the OACIQ certification exam
B. Completing a basic training program recognized by the OACIQ
C. Finding a real estate agency to work for
D. Registering with FINTRAC
Rationale: Completing a recognized basic training program is the first step leading
to a real estate broker career. Only successful completion of a recognized program
gives access to the OACIQ certification exams.
5. How should candidates prepare for the digital exam platform?
A. No preparation is needed; the platform is intuitive
B. Complete the digital exam platform exploration activity at least 20 days
before the exam
C. Take an in-person computer training course
D. Watch YouTube tutorials on the exam platform
Rationale: At least 20 days prior to the OACIQ certification exam, candidates
receive an exam invitation with a hyperlink to access and explore the digital exam
platform. This activity familiarizes candidates with the platform features for
smooth navigation during the exam.
6. How many competencies must a residential real estate broker candidate
master?
A. Five competencies
B. Six competencies
C. Seven competencies
D. Eight competencies
, Rationale: For residential real estate brokerage, there are seven competencies that
candidates must master. For commercial brokerage, there are six competencies. All
competencies must be passed in one exam attempt.
7. The OACIQ certification exam is held over:
A. One day
B. Two consecutive half-days
C. Three days
D. One week
Rationale: The exam is held over two consecutive half-days, each divided into two
blocks of 3.5 hours. The exam is administered digitally through a secure platform.
8. What is the structure of a Forced-Choice Question (FCQ) on the OACIQ
exam?
A. A case study with multiple correct answers
B. A short scenario with four answer choices, only one of which is correct
C. An essay question requiring a detailed response
D. A true/false question
Rationale: FCQs present a short scenario with four answer choices, of which only
one is correct. The candidate must read the scenario carefully, consider the facts,
and select the best answer among the options.
9. What is the structure of an Open-Ended Short Answer Question (OSAQ)
on the OACIQ exam?
A. An essay question requiring a detailed response
B. A scenario where the candidate writes a precise, succinct answer
C. A multiple-choice question with multiple correct answers
D. A true/false question
Rationale: OSAQs present a scenario where the candidate must write a precise,
succinct answer. The answer must be accurate, complete, and demonstrate the
candidate's ability to apply their knowledge to the situation.
