OACIQ EXAM PREP – QUÉBEC REAL ESTATE BROKERAGE VERIFIED Q&A & QUESTI… EXAM
P R O F E S S I O N A L P R A C T I C E M AT E R I A L S
OACIQ Exam Prep – Québec
Real Estate Brokerage
Verified Q&A & Question
Bank (2026 Edition)
Verified Answers Exam Ready With Rationales
101 QUESTIONS
DOCUMENT OVERVIEW
The "OACIQ Exam Prep – Québec Real Estate Brokerage Verified Q&A & Question Bank (2026 Edition)"
features 101 questions with provided correct answers, offering insights into essential real estate concepts.
This resource serves as a comprehensive study guide for prospective brokers, facilitating exam preparation
and reinforcing key knowledge areas necessary for certification. Students can effectively utilize it for review
and to gain a deeper understanding of practical scenarios in the real estate brokerage field.
CONTENTS
01 Successions Q1–Q8
02 Property Transactions Q9–Q20
03 Brokerage Practices Q21–Q33
04 Real Estate Regulations Q34–Q45
Page 1
, 05 Contracts and Agreements Q46–Q58
06 Financial Considerations Q59–Q64
07 Property Inspections Q65–Q69
08 Cultural Properties Q70–Q72
09 Additional Questions Q73–Q101
E XA M Q U EST I O N S
Q1 QUESTION 1 OF 101
Successions with a Will - Who signs?
CORRECT ANSWER
No liquidator = all legatees
W/ a liquidator = full admin liquidator or simple admin liquidator with authorization from legatees and legal heirs.
Q2 QUESTION 2 OF 101
Successions w/o a Will - Who signs?
CORRECT ANSWER
No liquidator = All legal heirs
W/ a liquidator = liquidator authorized by legal heirs
Q3 QUESTION 3 OF 101
Page 2
,Successions - What documents do you need?
CORRECT ANSWER
During liquidation of the succession?
-Declaration of transmission (w/ or w/o a Will)
-If no Will and there's a liquidator, an Act of Nomination authorizing liquidator by all legal heirs.
After liquidation of the succession?
-The Delivery of legacy, similar to a Deed of Sale (lists the legatees/legal heirs that inherited property)
Q4 QUESTION 4 OF 101
Successions - What to think about?
CORRECT ANSWER
Declaration of Transmission
Notarized Will, holograph Will (written)?
Liquidator - Full or simple administration
Delivery of legacy - if property already transferred into legatees/legal heirs names (post liquidation of an estate)
Act of nomination - legal heirs authorize who as liquidator?
*If seller dies during brokerage contract, you would complete an AM form, place immovable off market
temporarily until a liquidator is assigned/authorized to sell immovable. Must verify if Will exists or not, ask family
to seek a notary, get declaration of transmission. Who are the heirs? Legatees?
Use another AM form to put immovable back on the market. Make sure to use IV form to identify liquidator, obtain
his address and information.
Q5 QUESTION 5 OF 101
Matrimonial Regimes - who signs?
CORRECT ANSWER
1. Community of Property (before July 1, 1970):
-All private and reserved property (inherited): signatures not required from non-owner spouse
-Community property (acquire during marriage):
must be signed by both spouses
2. Partnership of Acquests (after July 1, 1970):
All private property is their own and acquests (acquired during marriage) requires signatures of both spouses.
3. Seperation as to property (notarized marriage contract or judgment/prenup):
-Each spouse is materially independent and does not require signature of non-owner spouse.
Page 3
, Q6 QUESTION 6 OF 101
Common-law spouses? Who signs?
CORRECT ANSWER
Common-law couples are considered to be single as per CcQ, therefore the signature of the non-owner common
law spouse is not required!
Q7 QUESTION 7 OF 101
What does a Declaration of Transmission contain (With or w/o a Will)?
CORRECT ANSWER
1. Identification of the liquidator or of the legatees (with Will)
2. Includes name, occupation and residence of the deceased.
3. Civil status and matrimonial regime of the deceased
4. Declaration of whether or not there is a Will.
5. Name of legal heirs or of the legatees.
5. List of immovables which are included in the succession.
Q8 QUESTION 8 OF 101
What is a latent defect or hidden damage?
CORRECT ANSWER
A latent defects or hidden damage occurs after a buyer takes possession of a home and discovers a problem with
the property that was not originally uncovered during the visual home inspection.
If the latent defect was also unknown to the seller, no liability can attach to the seller upon the sale of the
property.
However, if a seller knows about the damage to the property that is not visible or that a latent defect exists (such
as unsound construction, mold, infestations, or environmental damage), the seller has a duty to disclose the
latent defect to the buyer.
The buyer may have a claim against the seller if the latent defect was, or ought to have been, known to the seller,
for any losses or damages resulting from the defect, including damages or costs incurred to remedy the hidden
damage or latent defect to the property.
Note: Advise the buyer to consult with a legal professional first and hold off on any constructions.
Q9 QUESTION 9 OF 101
Page 4
P R O F E S S I O N A L P R A C T I C E M AT E R I A L S
OACIQ Exam Prep – Québec
Real Estate Brokerage
Verified Q&A & Question
Bank (2026 Edition)
Verified Answers Exam Ready With Rationales
101 QUESTIONS
DOCUMENT OVERVIEW
The "OACIQ Exam Prep – Québec Real Estate Brokerage Verified Q&A & Question Bank (2026 Edition)"
features 101 questions with provided correct answers, offering insights into essential real estate concepts.
This resource serves as a comprehensive study guide for prospective brokers, facilitating exam preparation
and reinforcing key knowledge areas necessary for certification. Students can effectively utilize it for review
and to gain a deeper understanding of practical scenarios in the real estate brokerage field.
CONTENTS
01 Successions Q1–Q8
02 Property Transactions Q9–Q20
03 Brokerage Practices Q21–Q33
04 Real Estate Regulations Q34–Q45
Page 1
, 05 Contracts and Agreements Q46–Q58
06 Financial Considerations Q59–Q64
07 Property Inspections Q65–Q69
08 Cultural Properties Q70–Q72
09 Additional Questions Q73–Q101
E XA M Q U EST I O N S
Q1 QUESTION 1 OF 101
Successions with a Will - Who signs?
CORRECT ANSWER
No liquidator = all legatees
W/ a liquidator = full admin liquidator or simple admin liquidator with authorization from legatees and legal heirs.
Q2 QUESTION 2 OF 101
Successions w/o a Will - Who signs?
CORRECT ANSWER
No liquidator = All legal heirs
W/ a liquidator = liquidator authorized by legal heirs
Q3 QUESTION 3 OF 101
Page 2
,Successions - What documents do you need?
CORRECT ANSWER
During liquidation of the succession?
-Declaration of transmission (w/ or w/o a Will)
-If no Will and there's a liquidator, an Act of Nomination authorizing liquidator by all legal heirs.
After liquidation of the succession?
-The Delivery of legacy, similar to a Deed of Sale (lists the legatees/legal heirs that inherited property)
Q4 QUESTION 4 OF 101
Successions - What to think about?
CORRECT ANSWER
Declaration of Transmission
Notarized Will, holograph Will (written)?
Liquidator - Full or simple administration
Delivery of legacy - if property already transferred into legatees/legal heirs names (post liquidation of an estate)
Act of nomination - legal heirs authorize who as liquidator?
*If seller dies during brokerage contract, you would complete an AM form, place immovable off market
temporarily until a liquidator is assigned/authorized to sell immovable. Must verify if Will exists or not, ask family
to seek a notary, get declaration of transmission. Who are the heirs? Legatees?
Use another AM form to put immovable back on the market. Make sure to use IV form to identify liquidator, obtain
his address and information.
Q5 QUESTION 5 OF 101
Matrimonial Regimes - who signs?
CORRECT ANSWER
1. Community of Property (before July 1, 1970):
-All private and reserved property (inherited): signatures not required from non-owner spouse
-Community property (acquire during marriage):
must be signed by both spouses
2. Partnership of Acquests (after July 1, 1970):
All private property is their own and acquests (acquired during marriage) requires signatures of both spouses.
3. Seperation as to property (notarized marriage contract or judgment/prenup):
-Each spouse is materially independent and does not require signature of non-owner spouse.
Page 3
, Q6 QUESTION 6 OF 101
Common-law spouses? Who signs?
CORRECT ANSWER
Common-law couples are considered to be single as per CcQ, therefore the signature of the non-owner common
law spouse is not required!
Q7 QUESTION 7 OF 101
What does a Declaration of Transmission contain (With or w/o a Will)?
CORRECT ANSWER
1. Identification of the liquidator or of the legatees (with Will)
2. Includes name, occupation and residence of the deceased.
3. Civil status and matrimonial regime of the deceased
4. Declaration of whether or not there is a Will.
5. Name of legal heirs or of the legatees.
5. List of immovables which are included in the succession.
Q8 QUESTION 8 OF 101
What is a latent defect or hidden damage?
CORRECT ANSWER
A latent defects or hidden damage occurs after a buyer takes possession of a home and discovers a problem with
the property that was not originally uncovered during the visual home inspection.
If the latent defect was also unknown to the seller, no liability can attach to the seller upon the sale of the
property.
However, if a seller knows about the damage to the property that is not visible or that a latent defect exists (such
as unsound construction, mold, infestations, or environmental damage), the seller has a duty to disclose the
latent defect to the buyer.
The buyer may have a claim against the seller if the latent defect was, or ought to have been, known to the seller,
for any losses or damages resulting from the defect, including damages or costs incurred to remedy the hidden
damage or latent defect to the property.
Note: Advise the buyer to consult with a legal professional first and hold off on any constructions.
Q9 QUESTION 9 OF 101
Page 4
