Q1: Does a domestic helper count as an 'unrelated person'?
(A) Yes, they are not related by blood
(B) No, they are considered part of the family unit
(C) Only if they are foreign
(D) Only for 3-room flats or smaller
Q2: What is the maximum validity for an Exclusive Estate Agency Agreement for residential property?
(A) 1 month
(B) 3 months
(C) 6 months
(D) 12 months
Q3: Under the Estate Agents Act, which of the following is an 'excluded' person?
(A) A licensed appraiser performing valuations
(B) A full-time Real Estate Salesperson
(C) A property management firm
(D) A lawyer handling a conveyancing case
REVEAL ANSWER
Q4: Which of these terminates an Agency Agreement instantly?
(A) The RES goes on holiday
(B) Bankruptcy of the Estate Agency
(C) Death of the Salesperson or Client
(D) Both B and C
REVEAL ANSWER
Q5: Can an RES represent both the Landlord and the Tenant in the same rental?
(A) Yes, if they both agree
(B) No, this is dual representation and is prohibited
(C) Only for commercial properties
(D) Only if the commission is split 50/50
REVEAL ANSWER
Q6: If a property owner dies without making a Will, which Act governs how their assets are distributed?
(A) Intestate Succession Act
(B) Wills Act
(C) Land Titles Act
(D) Residential Property Act
REVEAL ANSWER
Q7: What is the maximum fine for an individual committing a "Major Offence" under the CEA Code of Conduct?
(A) $10,000
(B) $25,000
(C) $50,000
(D) $100,000
REVEAL ANSWER
Q8: In a "Joint Tenancy," if one owner passes away, what happens to their share of the property?
(A) It goes to their next of kin via their Will
(B) It automatically passes to the surviving joint owner(s)
(C) The government reclaims the share
(D) The property must be sold immediately
REVEAL ANSWER
Q9: Which of the following is considered "Landed Property" where a foreigner MUST seek LDAU approval?
(A) A penthouse in a 30-story condo
(B) A conservation shop house (for residential use)
(C) A terrace house
(D) Both B and C
REVEAL ANSWER
Q10: Under the Estate Agents Act, an RES is prohibited from doing which of the following?
(A) Handling transaction money (e.g., cash for valuation)
(B) Giving a gift to a client
(C) Co-broking with another agency
(D) Putting up a "For Sale" sign
REVEAL ANSWER