Interprovincial Challenge Examination
OVERVIEW
The Interprovincial Challenge Examination (the “Exam”) assesses an applicant’s knowledge of the laws that apply to trading in real estate in Ontario. Individuals will qualify to take the Interprovincial Challenge Examination if they are currently licenced/registered and authorized to trade in real estate in one-or-more of the qualifying Canadian provinces or territories. Applicants must achieve a minimum score of 75 on the Exam to apply for RECO registration for the equivalent registration status as that held in another Canadian province or territory – salesperson or broker. Applicants are encouraged to visit RECO's website for the eligibility requirements to become registered in Ontario, to confirm their eligibility prior to booking an Exam.
Study materials, in PDF format, will be available through the LMS upon successful registration for the examination. Please visit our Resources section to learn more on how to access Interprovincial Challenge Examination study materials.
EXAM DETAILS
- All exams are delivered in an online format at a qualified testing centre or by a program approved virtual proctoring service
- Learners must achieve a minimum score of 75
- Exam questions will be (4) four-option multiple choice with a single correct response
- Interprovincial Challenge Exam consists of 115 questions
KNOWLEDGE AREAS COVERED IN THE INTERPROVINCIAL CHALLENGE EXAM
Understanding REBBA and the Code of Ethics
- Demonstrate understanding of the salesperson's obligations under REBBA and the Code of Ethics to protect consumers by maintaining legislative standards of professional conduct when interacting with consumers and seller or buyer clients and customers during residential and commercial real estate transactions.
- Demonstrate understanding of the salesperson's obligations under REBBA and the Code of Ethics to protect consumers by ensuring they complete tasks and activities with due diligence during residential and commercial real estate transactions.
REBBA, Code of Ethics, Agency Relationships, and Representation
- Distinguish between relationships and how a salesperson's obligations differ between representation and customer service relationships and between single and multiple representation from both seller and buyer perspectives in residential and commercial real estate transactions.
- Demonstrate an understanding of a salesperson's duties and obligations required under REBBA when multiple representation arises during the offer process from both seller and buyer perspectives in residential and commercial real estate transactions.
- Demonstrate an understanding of a salesperson's duties and obligations required under REBBA for multiple offers, written direction for receiving offers and pre-emptive offers from both seller and buyer perspectives in residential and commercial real estate transactions.
Key Legislation and Regulations: Residential and Commercial – Fraud, Privacy and Anti-Spam Legislation
- Demonstrate understanding of a salesperson’s obligations related to FINTRAC in residential and commercial transactions (e.g., brokerage compliance officer and program, policies and procedures, record-keeping and current education program).
- Demonstrate understanding of a salesperson’s obligations to identify suspicious activity per FINTRAC requirements in residential and commercial transactions.
- Demonstrate understanding of the Competition Act and associated privacy (PIPEDA) and anti-spam (CASL) legislation, the National Do Not Call List (NDCL) and a salesperson’s related obligations in residential and commercial real estate transactions.
- Demonstrate understanding of the legislative requirements related to electronic signatures described in the Electronic Commerce Act and how it relates to a salesperson's obligations in residential and commercial real estate transactions.
REBBA and Key Legislation: Residential and Commercial – Property Legislation, Conditions, Rights, and Limitations
- Demonstrate understanding of the Municipal Act and the Planning Act and how they impact a salesperson's activities in residential and commercial transactions.
- Describe disclosure obligations for sellers or salespersons and demonstrate understanding of a salesperson's obligations related to material facts, defects and other property conditions.
- Demonstrate understanding of legislation related to property rights (e.g. designation of matrimonial home) and government limitations (e.g., income, property, and harmonized sales tax).
REBBA, Code of Ethics, and Key Legislation and Regulations – Residential and Commercial Condominiums
- Demonstrate understanding of how the Condominium Act and its associated legislation impact a salesperson's activities during residential and commercial real estate transactions.
- Describe the governance and legal requirements related to condominium properties a salesperson should be aware of when involved in residential and commercial transactions.
- Describe additional legislative and regulatory requirements specific to new condominiums that can impact a salesperson's activities in residential and commercial transactions.
REBBA, Code of Ethics, and Key Legislation and Regulations: Residential & Commercial Leasing
- Demonstrate understanding of how the Residential Tenancies Act and Commercial Tenancies Act and how they impact they can impact a salesperson's activities in residential and commercial transactions.
- Describe additional legislative and regulatory requirements specific to leasing properties that can impact a salesperson's activities in residential and commercial transactions (e.g., Ontario Human Rights Code).
REBBA, Code of Ethics, and Other Relevant Legislation
- Demonstrate understanding of the impact of additional legislation and regulations on real estate transactions (e.g., environmental legislation, Ontario Building Code, Ontario Fire Code, etc.).
- Demonstrate understanding REBBA requirements for business brokerage transactions (key focus: REBBA GEN S.21).
IMPORTANT INFORMATION ON SCHEDULING
Please note that candidates seeking to take the Interprovincial Challenge Exam will benefit from reviewing the available preparatory resources. We estimate that a minimum two to three week preparatory/study schedule may be suitable for many candidates, while others may prefer additional time. Please also note that the relatively low demand of Interprovincial Challenge Exam bookings may require a brief waiting period of at least three weeks until the next available exam date, conveniently allowing for the minimum recommended preparatory/study timeline.
In keeping with the considerations mentioned above, it is important to note that new Interprovincial Challenge Exam dates will open on a continuous basis, always complying with resource and timeline considerations. If candidates notice new dates become available, they may opt to transfer from an existing section registration to a newly opened section. However, please note that a $50 administration fee does apply to all transfers. For more information please visit the Fees, Payments & Refunds Policy. A gentle reminder that once section waitlists are full, they do not appear on the registration system.