OACIQ Real Estate Exam Prep 2026-2027:
125 Multiple-Choice Questions, Answers &
Explanations | Quebec Broker Licensing
Study Guide
Description:
Pass the OACIQ real estate exam 2026-2027 with 125 practice questions covering
succession law, matrimonial regimes, contracts, financing calculations, and professional
ethics. Includes complete answer key and quick-reference summary.
Download the ultimate Quebec real estate broker licensing study guide today and ace your exam
on the first attempt!
, OACIQ Exam Prep 2026-2027: 125 Practice Questions &
Answers
SECTION A: SUCCESSION LAW AND PROPERTY TRANSFER
Question 1
In a succession with a valid will and no appointed liquidator, which parties are authorized to
sign the brokerage contract for the sale of an immovable belonging to the estate?
A. The legal heirs only
B. The legatees only
C. The notary who drafted the will
D. The tutor appointed by the court
Answer: B
Explanation: When a succession has a valid will but no liquidator has been appointed, the
legatees (the individuals designated in the will to receive specific property) are authorized to
sign. The legatees collectively represent the estate's interests in the transaction, as they are the
beneficiaries who will ultimately receive the property. This differs from situations where
there is a liquidator who would have signing authority, or where there is no will and legal
heirs must act.
Question 2
A succession with a valid will and a liquidator with simple administration requires which of
the following to authorize the sale of an immovable?
A. Authorization from the court of law only
B. Authorization from all legal heirs only
C. Authorization from legatees and legal heirs
D. Full administration powers granted by the will
Answer: C
Explanation: In a succession with a will and a liquidator with simple administration, the
liquidator requires authorization from both the legatees (beneficiaries named in the will) and
the legal heirs to sell an immovable. This distinguishes simple administration from full
administration, where the liquidator has broader powers and may not require such
,authorizations. The authorization ensures that all interested parties consent to the transaction,
protecting both the estate and potential buyers.
Question 3
In a succession without a will and with no liquidator appointed, which parties must sign the
brokerage contract?
A. The executor named by the family
B. The notary handling the estate
C. All legal heirs collectively
D. The surviving spouse only
Answer: C
Explanation: When there is no will and no liquidator, all legal heirs must sign the brokerage
contract. Legal heirs are determined by the Civil Code of Quebec's intestacy rules, which
establish a hierarchy of succession based on familial relationship. The requirement for all
heirs to sign ensures unanimous consent to the transaction, as no single heir has the authority
to bind the estate without the agreement of the other co-heirs.
Question 4
A liquidator authorized by legal heirs in a succession without a will must be appointed
through which document?
A. Declaration of Transmission
B. Act of Nomination
C. Delivery of Legacy
D. Resolution of Succession
Answer: B
Explanation: The Act of Nomination is the formal document through which legal heirs
authorize a liquidator to act on behalf of the succession in a will-less estate. This document
legally establishes the liquidator's authority to manage and dispose of succession property.
Without this act, the liquidator lacks the legal capacity to bind the estate in real estate
transactions, and the brokerage contract would be invalid.
, Question 5
What is the primary purpose of a Declaration of Transmission in the context of succession
property sales?
A. To transfer ownership to the buyer
B. To identify the liquidator or legatees and list succession property
C. To authorize the payment of succession debts
D. To register the property with the Land Registry
Answer: B
Explanation: The Declaration of Transmission serves to formally identify either the
liquidator (when one is appointed) or the legatees/heirs, and to list the immovables included
in the succession. This document is essential for establishing who has legal authority to deal
with the property. It must include the deceased's identification, civil status, matrimonial
regime, declaration regarding existence of a will, and a complete list of the succession's
immovables. This declaration is mandatory regardless of whether the succession has a will.
Question 6
Which document serves a similar function to a Deed of Sale but is used in succession
contexts after liquidation is complete?
A. Declaration of Transmission
B. Act of Nomination
C. Delivery of Legacy
D. Certificate of Location
Answer: C
Explanation: The Delivery of Legacy functions similarly to a Deed of Sale, but is executed
after the liquidation of a succession is complete. This document formally transfers ownership
of specific properties to the legatees or legal heirs who have inherited them. It lists all
individuals who have inherited property from the succession and records the transfer of
ownership, serving as the final step in distributing the estate's immovable property.
125 Multiple-Choice Questions, Answers &
Explanations | Quebec Broker Licensing
Study Guide
Description:
Pass the OACIQ real estate exam 2026-2027 with 125 practice questions covering
succession law, matrimonial regimes, contracts, financing calculations, and professional
ethics. Includes complete answer key and quick-reference summary.
Download the ultimate Quebec real estate broker licensing study guide today and ace your exam
on the first attempt!
, OACIQ Exam Prep 2026-2027: 125 Practice Questions &
Answers
SECTION A: SUCCESSION LAW AND PROPERTY TRANSFER
Question 1
In a succession with a valid will and no appointed liquidator, which parties are authorized to
sign the brokerage contract for the sale of an immovable belonging to the estate?
A. The legal heirs only
B. The legatees only
C. The notary who drafted the will
D. The tutor appointed by the court
Answer: B
Explanation: When a succession has a valid will but no liquidator has been appointed, the
legatees (the individuals designated in the will to receive specific property) are authorized to
sign. The legatees collectively represent the estate's interests in the transaction, as they are the
beneficiaries who will ultimately receive the property. This differs from situations where
there is a liquidator who would have signing authority, or where there is no will and legal
heirs must act.
Question 2
A succession with a valid will and a liquidator with simple administration requires which of
the following to authorize the sale of an immovable?
A. Authorization from the court of law only
B. Authorization from all legal heirs only
C. Authorization from legatees and legal heirs
D. Full administration powers granted by the will
Answer: C
Explanation: In a succession with a will and a liquidator with simple administration, the
liquidator requires authorization from both the legatees (beneficiaries named in the will) and
the legal heirs to sell an immovable. This distinguishes simple administration from full
administration, where the liquidator has broader powers and may not require such
,authorizations. The authorization ensures that all interested parties consent to the transaction,
protecting both the estate and potential buyers.
Question 3
In a succession without a will and with no liquidator appointed, which parties must sign the
brokerage contract?
A. The executor named by the family
B. The notary handling the estate
C. All legal heirs collectively
D. The surviving spouse only
Answer: C
Explanation: When there is no will and no liquidator, all legal heirs must sign the brokerage
contract. Legal heirs are determined by the Civil Code of Quebec's intestacy rules, which
establish a hierarchy of succession based on familial relationship. The requirement for all
heirs to sign ensures unanimous consent to the transaction, as no single heir has the authority
to bind the estate without the agreement of the other co-heirs.
Question 4
A liquidator authorized by legal heirs in a succession without a will must be appointed
through which document?
A. Declaration of Transmission
B. Act of Nomination
C. Delivery of Legacy
D. Resolution of Succession
Answer: B
Explanation: The Act of Nomination is the formal document through which legal heirs
authorize a liquidator to act on behalf of the succession in a will-less estate. This document
legally establishes the liquidator's authority to manage and dispose of succession property.
Without this act, the liquidator lacks the legal capacity to bind the estate in real estate
transactions, and the brokerage contract would be invalid.
, Question 5
What is the primary purpose of a Declaration of Transmission in the context of succession
property sales?
A. To transfer ownership to the buyer
B. To identify the liquidator or legatees and list succession property
C. To authorize the payment of succession debts
D. To register the property with the Land Registry
Answer: B
Explanation: The Declaration of Transmission serves to formally identify either the
liquidator (when one is appointed) or the legatees/heirs, and to list the immovables included
in the succession. This document is essential for establishing who has legal authority to deal
with the property. It must include the deceased's identification, civil status, matrimonial
regime, declaration regarding existence of a will, and a complete list of the succession's
immovables. This declaration is mandatory regardless of whether the succession has a will.
Question 6
Which document serves a similar function to a Deed of Sale but is used in succession
contexts after liquidation is complete?
A. Declaration of Transmission
B. Act of Nomination
C. Delivery of Legacy
D. Certificate of Location
Answer: C
Explanation: The Delivery of Legacy functions similarly to a Deed of Sale, but is executed
after the liquidation of a succession is complete. This document formally transfers ownership
of specific properties to the legatees or legal heirs who have inherited them. It lists all
individuals who have inherited property from the succession and records the transfer of
ownership, serving as the final step in distributing the estate's immovable property.
