100+ Free Saskatchewan Real Estate Salesperson Exam Practice Questions

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Saskatchewan Real Estate Broker Licensing Exam

Practice Questions100 questions

2026 Statistics

Key Facts: Saskatchewan Real Estate Salesperson Exam Exam

100 MCQs

Phase 1 Exam Questions

UBC Sauder

60 MCQs

Phase 2 Exam Questions

UBC Sauder

70%

Passing score required on both exams

SREC Bylaws

C$250

Retake fee per exam attempt

UBC Sauder

2 years

Maximum time to complete licensing

SREC Bylaws

C$25,000

Max Assurance Fund payout per claimant

Saskatchewan Regulations

The Saskatchewan Real Estate Salesperson Licensing Exam requires passing Phase 1 (100 MCQs, 3 hours) and Phase 2 (60 MCQs, 2 hours) with a 70% or higher. Course fees are C$2,099 for Phase 1 and C$1,199 for Phase 2, with a retake fee of C$250 for subsequent attempts. The curriculum covers The Real Estate Act and Bylaws, property law, contracts, agency, trust accounts, disclosures, and professional standards.

Sample Saskatchewan Real Estate Salesperson Exam Practice Questions

Try these sample questions to test your Saskatchewan Real Estate Salesperson Exam exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Which body is responsible for administering The Real Estate Act and its regulations in Saskatchewan?

A.The Saskatchewan Real Estate Commission (SREC)

B.The Saskatchewan Realtors Association (SRA)

C.The Real Estate Council of Saskatchewan

D.The UBC Sauder School of Business

Explanation: The Saskatchewan Real Estate Commission (SREC) is the regulator responsible for administering The Real Estate Act, Saskatchewan regulations, and Commission bylaws. Its primary mandate is to protect the public by regulating the practices of real estate registrants.

2Under The Real Estate Act of Saskatchewan, what are the three valid categories of certificate of registration?

A.Broker, Associate Broker, and Salesperson

B.Broker, Agent, and Salesperson

C.Managing Broker, Associate Broker, and Representative

D.Broker, Property Manager, and Sales Representative

Explanation: The Real Estate Act defines three registration categories: Broker, Associate Broker, and Salesperson. A broker manages the brokerage; an associate broker meets broker qualifications but is not the designated manager; a salesperson is registered to trade under a brokerage's supervision.

3What is the annual certificate of registration renewal date for registrants in Saskatchewan?

A.June 30

B.December 31

C.March 31

D.April 30

Explanation: According to the Saskatchewan Real Estate Commission bylaws, certificates of registration must be renewed annually on or before June 30. Failure to renew by this date results in the immediate suspension of the registrant's certificate.

4If a sole proprietor broker dies or becomes incapacitated, what action may the SREC take to prevent disruption to the brokerage?

A.Issue a temporary registration to a qualified individual for up to 180 days

B.Automatically transfer all active listings to the Saskatchewan Realtors Association

C.Freeze the brokerage trust account and cancel all pending purchase contracts

D.Require all salespersons to immediately register as independent brokers

Explanation: To allow transactions to close and the business to be wound down or transferred, the Commission may issue a temporary registration to a qualified individual (such as an executor or associate broker) to manage the brokerage for a period not exceeding 180 days.

5Which of the following is true regarding SREC's power to inspect the office and records of a brokerage?

A.SREC representatives may enter and inspect a brokerage's office and records at any reasonable time without a court order

B.SREC must provide at least 14 business days of written notice prior to inspecting any brokerage records

C.SREC can only inspect records if a formal, sworn consumer complaint has been filed in writing

D.SREC has no authority to inspect office records unless accompanied by a municipal police officer

Explanation: The Real Estate Act grants the Saskatchewan Real Estate Commission the power to conduct routine reviews and investigate complaints. SREC compliance officers may enter a brokerage office and inspect records, trust accounts, and books at any reasonable time without prior notice or a court order.

6What are the disciplinary fine limits that the SREC Hearing Committee can impose on a registrant for professional misconduct?

A.Up to $25,000 per charge, to an aggregate maximum of $100,000

B.Up to $5,000 per charge, to an aggregate maximum of $15,000

C.Up to $50,000 per charge, with no aggregate limit

D.Fines are not permitted; the committee can only suspend or cancel registrations

Explanation: Following amendments to Section 38 of The Real Estate Act of Saskatchewan, the SREC Hearing Committee can impose a fine of up to $25,000 per finding of professional misconduct or incompetence, up to an aggregate maximum of $100,000.

7If a Saskatchewan registrant wishes to appeal a disciplinary decision made by the SREC Hearing Committee, who receives the appeal?

A.The Superintendent of Real Estate

B.The President of the Saskatchewan Realtors Association

C.The Minister of Justice

D.The Saskatchewan Court of Appeal

Explanation: Under Section 43 of The Real Estate Act, a registrant or complainant may appeal a decision of the Hearing Committee to the Superintendent of Real Estate. The Superintendent is a government official who reviews SREC decisions.

8When a salesperson transfers their registration from one Saskatchewan brokerage to another, what is the status of their license?

A.Their registration is suspended immediately upon leaving the first brokerage and remains inactive until SREC approves the transfer to the new brokerage

B.They can continue trading under the new brokerage immediately, provided they mail the transfer form within 14 days

C.Their listings are automatically transferred to the new brokerage along with the salesperson

D.They can trade under both brokerages during a 30-day transitional grace period

Explanation: A salesperson can only trade on behalf of the brokerage with which they are registered. Upon leaving a brokerage, the registration is suspended. The salesperson cannot trade until they are formally registered under the new brokerage.

9Under SREC Bylaws, what is the mandatory requirement for listing a brokerage's name in advertisements?

A.The registered name of the brokerage must be clearly and prominently displayed

B.Only the name of the salesperson is required, provided their license number is listed

C.The brokerage name is optional for digital social media posts

D.The brokerage name must be at least twice as large as the salesperson's name

Explanation: SREC Bylaws require that any advertisement by a registrant must clearly and prominently display the registered name of the employing brokerage. This ensures that the public is always aware of the brokerage responsible for the real estate services.

10What is an unregistered assistant permitted to do under Saskatchewan real estate regulations?

A.Answer telephone calls, place signs on properties, and perform administrative data entry

B.Host public open houses for prospective buyers

C.Negotiate contract terms on behalf of a salesperson

D.Solicit listings or client registrations over the phone

Explanation: Unregistered assistants may only perform non-trading, administrative duties, such as answering phones, filing, scheduling appointments, or placing signs. They are strictly prohibited from engaging in any activity that meets the definition of 'trading' under the Act.

About the Saskatchewan Real Estate Salesperson Exam Exam

The Saskatchewan Real Estate Salesperson Licensing Exam qualifies individuals to trade in real estate within Saskatchewan. Administered by the UBC Sauder School of Business on behalf of the Saskatchewan Real Estate Commission (SREC), the licensing path is split into Phase 1 (Real Estate as a Professional Career) and Phase 2 (specialty streams like Residential, Commercial, or Farm). Passing both phases with a grade of 70% or higher is mandatory before registering with a brokerage and applying for a license.

Assessment

100 multiple-choice questions for Phase 1 (Real Estate as a Professional Career) and 60 multiple-choice questions for Phase 2 (Residential Specialty Stream).

Time Limit

Three hours (180 minutes) for Phase 1 and two hours (120 minutes) for Phase 2.

Passing Score

70%

Exam Fee

Phase 1 course tuition C$2,099; Phase 2 course tuition C$1,199. Subsequent exam attempts fee is C$250. (UBC Sauder School of Business, Real Estate Division (on behalf of SREC))

Saskatchewan Real Estate Salesperson Exam Exam Content Outline

15%

The Real Estate Act and SREC Bylaws

The regulatory framework governing real estate in Saskatchewan, registration categories, SREC authority, complaints, disciplinary hearings, and penalties.

15%

Land Titles and Property Law

ISC land registry, Torrens system, types of estates, co-ownership, easements, covenants, homesteads consent, and property boundaries.

15%

Contract Law

Elements of a valid contract, offers and counter-offers, breach, remedies, assignment, and Saskatchewan's standard real estate contract forms.

15%

Agency Relationships

Fiduciary duties, designated agency, limited dual agency, customer status, SREC disclosure forms, and working with unrepresented buyers.

15%

Residential Real Estate Transactions

Saskatchewan residential transactions, listing agreements, buyer agency contracts, representations, warranties, and closing processes.

10%

Trust Accounts and Financial Regulations

Brokerage trust accounts, timelines for deposits (2 business days), interest handling, Real Estate Assurance Fund, and SREC trust audits.

10%

Disclosure Requirements

Property Disclosure Statement (PDS), material latent defects, interest in trade disclosures, and remuneration/referral fee disclosures.

Professional Standards and Ethics

SREC code of conduct, conflicts of interest, advertising rules, anti-money laundering (FINTRAC) compliance, and PIPEDA.

How to Pass the Saskatchewan Real Estate Salesperson Exam Exam

What You Need to Know

Passing score: 70%
Assessment: 100 multiple-choice questions for Phase 1 (Real Estate as a Professional Career) and 60 multiple-choice questions for Phase 2 (Residential Specialty Stream).
Time limit: Three hours (180 minutes) for Phase 1 and two hours (120 minutes) for Phase 2.
Exam fee: Phase 1 course tuition C$2,099; Phase 2 course tuition C$1,199. Subsequent exam attempts fee is C$250.

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

Saskatchewan Real Estate Salesperson Exam Study Tips from Top Performers

1Read SREC Bylaws carefully, particularly sections relating to trust accounts and advertising, as they are heavily tested.

2Understand the spousal consent requirements of The Homesteads Act, 1989, as this is a key differentiator in Saskatchewan property transactions.

3Memorize the deposit timeline: brokerages must place trust funds into the trust account within two business days of receipt or acceptance of offer, whichever is later.

4Study the SREC mandatory disclosure forms, including the Disclosure of Representation in Trading Services form.

5Practice calculations for commission splits, LTV ratios, and property tax adjustments as part of transaction scenarios.

Frequently Asked Questions

What is the passing score for the Saskatchewan Real Estate Salesperson exams?

You must achieve a score of 70% or higher on both the Phase 1 and Phase 2 licensing examinations to qualify for registration.

How many times can I attempt the licensing examinations?

Candidates are permitted a maximum of three attempts per course registration. If you fail the exam three times, you must re-register and re-pay the course fee.

How much does the course and licensing exams cost?

The Phase 1 course fee is C$2,099, and the Phase 2 Residential specialty course is C$1,199 (other Phase 2 courses like Commercial or Farm are C$899 each if purchased as additions). Both include the first exam attempt. If you must retake an exam, the rewrite fee is C$250.

What is the time limit for completing all licensing requirements?

You must complete Phase 1, Phase 2, pass the exams, and register with a licensed Saskatchewan real estate brokerage within two years of your initial registration date in Phase 1.

Who administers the education and exams in Saskatchewan?

The education program is developed and delivered by the Real Estate Division of the UBC Sauder School of Business on behalf of the Saskatchewan Real Estate Commission (SREC).