OACIQ Certification Complete Exam with Verified
Questions, Answers & Rationales.
SECTION 1: EXAM FORMAT & PREPARATION
Q1: 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
Correct Answer: B
Explanation: 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 .
Q2: 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
Correct Answer: C
Explanation: 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 .
,Q3: 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
Correct Answer: C
Explanation: 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 .
Q4: 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
Correct Answer: B
Explanation: 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 .
Q5: 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
Correct Answer: B
Explanation: 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 .
SECTION 2: BROKERAGE CONTRACTS
Q6: Which document must be completed first when working with a seller client?
A) The Brokerage Contract to Sell (BCS)
B) The Declarations by the Seller of the Immovable (DS)
C) The Promise to Purchase (PP)
D) The Certificate of Location
Correct Answer: B
Explanation: The DS (Declarations by the Seller) must always be completed first. It is then
annexed to the BCS .
Q7: A seller signs an exclusive brokerage contract with Broker A. Before the
contract ends, the seller finds a buyer on their own. Is the broker entitled to a
commission?
A) Yes, always
B) No, because the seller found the buyer without the broker
C) Yes, unless the contract includes a "seller's reserve" clause
D) No, if the buyer is a family member
Correct Answer: C
, Explanation: Under an exclusive contract without a seller's reserve clause, the broker is
owed commission even if the seller finds the buyer. A reserve clause excludes specific
people from the commission obligation .
Q8: What is the maximum duration of an exclusive brokerage contract for a
residential property under 5 units?
A) 6 months
B) 1 year
C) No maximum set by law, but it must be reasonable
D) 90 days
Correct Answer: C
Explanation: The Regulation Respecting Brokerage Contracts does not set a maximum
duration. However, OACIQ requires that the duration be reasonable—typically 3-6 months
for residential properties .
Q9: What is the minimum information that must appear on all brokerage contracts
in Quebec?
A) The legal description of the property only
B) The broker's license number and the agency's name
C) The municipal evaluation and the selling price
D) The name of the buyer's notary
Correct Answer: B
Explanation: Brokerage contracts must identify the broker (license number) and the
agency. Other details vary depending on the type of contract and transaction .
Q10: Which clause allows a seller to terminate a brokerage contract without
penalty if they find a buyer themselves?
Questions, Answers & Rationales.
SECTION 1: EXAM FORMAT & PREPARATION
Q1: 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
Correct Answer: B
Explanation: 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 .
Q2: 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
Correct Answer: C
Explanation: 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 .
,Q3: 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
Correct Answer: C
Explanation: 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 .
Q4: 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
Correct Answer: B
Explanation: 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 .
Q5: 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
Correct Answer: B
Explanation: 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 .
SECTION 2: BROKERAGE CONTRACTS
Q6: Which document must be completed first when working with a seller client?
A) The Brokerage Contract to Sell (BCS)
B) The Declarations by the Seller of the Immovable (DS)
C) The Promise to Purchase (PP)
D) The Certificate of Location
Correct Answer: B
Explanation: The DS (Declarations by the Seller) must always be completed first. It is then
annexed to the BCS .
Q7: A seller signs an exclusive brokerage contract with Broker A. Before the
contract ends, the seller finds a buyer on their own. Is the broker entitled to a
commission?
A) Yes, always
B) No, because the seller found the buyer without the broker
C) Yes, unless the contract includes a "seller's reserve" clause
D) No, if the buyer is a family member
Correct Answer: C
, Explanation: Under an exclusive contract without a seller's reserve clause, the broker is
owed commission even if the seller finds the buyer. A reserve clause excludes specific
people from the commission obligation .
Q8: What is the maximum duration of an exclusive brokerage contract for a
residential property under 5 units?
A) 6 months
B) 1 year
C) No maximum set by law, but it must be reasonable
D) 90 days
Correct Answer: C
Explanation: The Regulation Respecting Brokerage Contracts does not set a maximum
duration. However, OACIQ requires that the duration be reasonable—typically 3-6 months
for residential properties .
Q9: What is the minimum information that must appear on all brokerage contracts
in Quebec?
A) The legal description of the property only
B) The broker's license number and the agency's name
C) The municipal evaluation and the selling price
D) The name of the buyer's notary
Correct Answer: B
Explanation: Brokerage contracts must identify the broker (license number) and the
agency. Other details vary depending on the type of contract and transaction .
Q10: Which clause allows a seller to terminate a brokerage contract without
penalty if they find a buyer themselves?
