Ontario Real Estate Practice Test
Ontario Real Estate Salesperson Course OREA Residential Transactions 2
In Ontario, what is the typical deposit amount in a residential transaction?
Select your answer
A
There is no standard — it is negotiable, but typically 5% of the purchase price
B
Exactly 20% of the purchase price
C
A flat fee of $1,000 regardless of purchase price
D
10% is required by law
Hint