RECO Simulation 2 Quick Reference
Compact RECO Simulation 2: Commercial Real Estate Transactions (Real Estate Council of Ontario) quick reference for key terms, formulas, checks, and practice decisions.
Quick reference scope
Use this page as a compact reference while practising RECO Simulation 2. It is not official RECO material. It is a short checklist for commercial client objective, role boundary, due-diligence fact, property use, pricing evidence, qualification, condition, lease term, and risk-control next action.
RECO means Real Estate Council of Ontario. This page is for Ontario Real Estate Simulation 2: Commercial Real Estate Transactions.
Core decision filter
| Step | Ask |
|---|---|
| Identify | What exact topic, role, document, product, property, or transaction is being tested? |
| Classify | Is this a rule, calculation, suitability, disclosure, coverage, conduct, process, or timing question? |
| Apply | Which fact in the stem changes the answer? |
| Defend | Can I explain why the best answer is stronger than the distractor? |
Topic reference
| Topic | Quick check |
|---|---|
| Commercial Client Representation, Intake, Service Scope, and Role Boundaries | State the decision rule, then test it with one short practice set. |
| Commercial Property, Construction, Site, Use, and Due-Diligence Case Scenarios | State the decision rule, then test it with one short practice set. |
| Commercial Listing, Marketing, Pricing, Financial Evidence, and Buyer/Tenant Qualification | State the decision rule, then test it with one short practice set. |
| Commercial Purchase, Sale, Land Development, Farm, and Closing Scenario Handling | State the decision rule, then test it with one short practice set. |
| Commercial Leasing, Business Sale Brokerage, and Integrated Risk-Control Scenarios | State the decision rule, then test it with one short practice set. |
Before a timed set
- Review the last five missed explanations.
- Check the official route if you are unsure which exam or course applies.
- Start with a focused drill if one topic is still weak.
- Use timed mixed practice after topic mistakes become less frequent.