OACIQ Dirigeant d’Agence Certification Exam | Complete
Practice Questions & Detailed Rationales 2026/2027
Question 1 Under the Real Estate Brokerage Act, what is the primary
legal duty of an Agency Executive regarding the agency's license?
A. To personally sell at least 5 properties per year.
B. To ensure the agency holds a valid license at all times and that all
brokers are registered/supervised correctly.
C. To represent the agency in all civil court cases.
D. To train brokers on how to file personal income taxes.
Correct Answer: B. To ensure the agency holds a valid license at all
times and that all brokers are registered/supervised correctly.
Detailed Rationale: The Executive is legally accountable for the agency's
licensure status and for ensuring all individuals performing brokerage
acts under the agency banner are licensed and in good standing.
Question 2 If an agency changes its head office address, what is the
timeline and requirement for notifying the OACIQ?
A. Within 30 days by phone.
B. Immediately (no strict timeline, but generally without delay) via the
OACIQ portal.
C. Once a year at license renewal.
D. Only if the agency changes its name.
,Correct Answer: B. Immediately (no strict timeline, but generally
without delay) via the OACIQ portal.
Detailed Rationale: Changes to contact information, head office
address, or responsible directors must be updated immediately via the
OACIQ portal to ensure the public register is accurate.
Question 3 Which of the following documents is the Agency Executive
required to maintain for OACIQ inspection?
A. Personal tax returns of all brokers.
B. A record of all brokerage contracts, trust account ledgers, and
transaction files for at least 3 years (or as specified).
C. The social media passwords of all brokers.
D. Medical records of all employees.
Correct Answer: B. A record of all brokerage contracts, trust account
ledgers, and transaction files for at least 3 years (or as specified).
Detailed Rationale: Agencies are required to keep robust records of
their brokerage operations for regulatory inspections.
Question 4 If a broker leaves the agency, who is responsible for
removing their link to the agency in the OACIQ portal?
A. The broker.
B. The OACIQ automatically does it.
C. The Agency Executive.
D. The notary.
Correct Answer: C. The Agency Executive.
,Detailed Rationale: The Executive must update the status of brokers
associated with the agency to ensure they are not held liable for acts
committed by someone no longer under their supervision.
Question 5 What happens to the agency's license if the sole Agency
Executive ceases their duties and no replacement is named?
A. It remains valid for 6 months.
B. It is automatically suspended or revoked because the agency no
longer meets the conditions for licensure.
C. It becomes a personal license.
D. Nothing, the brokers can continue working independently.
Correct Answer: B. It is automatically suspended or revoked because
the agency no longer meets the conditions for licensure.
Detailed Rationale: An agency must always have a designated Agency
Executive to maintain its license.
Question 6 When an OACIQ inspector arrives for an audit, what is the
Executive’s primary obligation?
A. Provide them with coffee and wait for the lawyers.
B. Provide them with all requested documents and full access to the
agency’s records.
C. Ask them to come back next week.
D. Refuse entry unless they have a police warrant.
Correct Answer: B. Provide them with all requested documents and full
access to the agency’s records.
, Detailed Rationale: Obstruction of an inspection is a serious offense.
Executives have a duty to cooperate fully.
Question 7 Can an Agency Executive delegate the task of supervision to
a non-broker manager?
A. Yes, always.
B. No, supervision of brokerage acts must be performed by a person
with the appropriate license and competence.
C. Yes, if they pay them a bonus.
D. Only if the OACIQ approves it in writing.
Correct Answer: B. No, supervision of brokerage acts must be
performed by a person with the appropriate license and competence.
Detailed Rationale: Supervision of professional acts requires
professional knowledge; unlicensed individuals cannot supervise
brokers' work.
Question 8 What is the "Table of Disciplinary Decisions" (OACIQ) and
why should an Executive care?
A. It lists brokers who sell the most.
B. It shows the history of sanctions, which helps the Executive manage
risk and hiring decisions.
C. It is a list of brokers' home addresses.
D. It is irrelevant to management.
Correct Answer: B. It shows the history of sanctions, which helps the
Executive manage risk and hiring decisions.
Practice Questions & Detailed Rationales 2026/2027
Question 1 Under the Real Estate Brokerage Act, what is the primary
legal duty of an Agency Executive regarding the agency's license?
A. To personally sell at least 5 properties per year.
B. To ensure the agency holds a valid license at all times and that all
brokers are registered/supervised correctly.
C. To represent the agency in all civil court cases.
D. To train brokers on how to file personal income taxes.
Correct Answer: B. To ensure the agency holds a valid license at all
times and that all brokers are registered/supervised correctly.
Detailed Rationale: The Executive is legally accountable for the agency's
licensure status and for ensuring all individuals performing brokerage
acts under the agency banner are licensed and in good standing.
Question 2 If an agency changes its head office address, what is the
timeline and requirement for notifying the OACIQ?
A. Within 30 days by phone.
B. Immediately (no strict timeline, but generally without delay) via the
OACIQ portal.
C. Once a year at license renewal.
D. Only if the agency changes its name.
,Correct Answer: B. Immediately (no strict timeline, but generally
without delay) via the OACIQ portal.
Detailed Rationale: Changes to contact information, head office
address, or responsible directors must be updated immediately via the
OACIQ portal to ensure the public register is accurate.
Question 3 Which of the following documents is the Agency Executive
required to maintain for OACIQ inspection?
A. Personal tax returns of all brokers.
B. A record of all brokerage contracts, trust account ledgers, and
transaction files for at least 3 years (or as specified).
C. The social media passwords of all brokers.
D. Medical records of all employees.
Correct Answer: B. A record of all brokerage contracts, trust account
ledgers, and transaction files for at least 3 years (or as specified).
Detailed Rationale: Agencies are required to keep robust records of
their brokerage operations for regulatory inspections.
Question 4 If a broker leaves the agency, who is responsible for
removing their link to the agency in the OACIQ portal?
A. The broker.
B. The OACIQ automatically does it.
C. The Agency Executive.
D. The notary.
Correct Answer: C. The Agency Executive.
,Detailed Rationale: The Executive must update the status of brokers
associated with the agency to ensure they are not held liable for acts
committed by someone no longer under their supervision.
Question 5 What happens to the agency's license if the sole Agency
Executive ceases their duties and no replacement is named?
A. It remains valid for 6 months.
B. It is automatically suspended or revoked because the agency no
longer meets the conditions for licensure.
C. It becomes a personal license.
D. Nothing, the brokers can continue working independently.
Correct Answer: B. It is automatically suspended or revoked because
the agency no longer meets the conditions for licensure.
Detailed Rationale: An agency must always have a designated Agency
Executive to maintain its license.
Question 6 When an OACIQ inspector arrives for an audit, what is the
Executive’s primary obligation?
A. Provide them with coffee and wait for the lawyers.
B. Provide them with all requested documents and full access to the
agency’s records.
C. Ask them to come back next week.
D. Refuse entry unless they have a police warrant.
Correct Answer: B. Provide them with all requested documents and full
access to the agency’s records.
, Detailed Rationale: Obstruction of an inspection is a serious offense.
Executives have a duty to cooperate fully.
Question 7 Can an Agency Executive delegate the task of supervision to
a non-broker manager?
A. Yes, always.
B. No, supervision of brokerage acts must be performed by a person
with the appropriate license and competence.
C. Yes, if they pay them a bonus.
D. Only if the OACIQ approves it in writing.
Correct Answer: B. No, supervision of brokerage acts must be
performed by a person with the appropriate license and competence.
Detailed Rationale: Supervision of professional acts requires
professional knowledge; unlicensed individuals cannot supervise
brokers' work.
Question 8 What is the "Table of Disciplinary Decisions" (OACIQ) and
why should an Executive care?
A. It lists brokers who sell the most.
B. It shows the history of sanctions, which helps the Executive manage
risk and hiring decisions.
C. It is a list of brokers' home addresses.
D. It is irrelevant to management.
Correct Answer: B. It shows the history of sanctions, which helps the
Executive manage risk and hiring decisions.
