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This guide, designed from the ground-up, is tailored specifically to real estate and your OREA course. Our complex engine powers the best online study tool available, including personalized and correctly-weighted question sets, smart-saved progress history, responsive question layouts and continuous results tracking. You get professionally developed study materials, delivered in a robust, intuitive package. Access Passit from any current web browser (Chrome, Safari, Edge, Firefox or Internet Explorer).

500+ Multiple Choice Questions

Sample Multiple Choice Question

How It Works

Each multiple choice question includes detailed explanations for all four answer options. Our MCQs range from testing basic knowledge to complex case studies. You'll know why the correct answer was right and the incorrect answers were wrong. Topic Tips and Solution Details are included, where appropriate, to ensure your full understanding. A handy location tag is located at the bottom of each question telling you exactly where to find the topic in your OREA course materials.

300+ Rapid Recall Questions

Sample Rapid Recall Question

How It Works

Our rapid recall flash cards have fully-detailed answer explanations. Flash cards help you learn faster because they promote active recall. It’s one of the ways that our brains learn most effectively. Get a better grip on course materials by studying online anytime, anywhere. To keep things lively, Passit also tracks the total questions you've answered correctly in a row, which is saved as your current streak. Each question has a handy location tag, which tells you exactly where to find the topic in your OREA course materials.

300+ Lingo Looper Terms

Sample Lingo Looper Puzzle

How It Works

Lingo Looper puzzles challenge your knowledge of key course terms and phrases in a fun and engaging way. For each card, you'll drag and drop the appropriate term to earn points. There's a Lingo Looper Puzzle for each chapter, and several overall puzzles so you can tackle terms from the entire OREA course. Lingo Looper is an engaging and challenging way to consolidate your knowledge of terms and concepts.

Chapter-Specific and Math-Only Study Options

Snapshot of MCQ Menu Study Options

How It Works

One of our most popular features is the ability to choose a chapter in the MCQ menu and focus solely on that chapter. Many students use a chapter-a-day strategy: read the chapter, then tackle question sets specifically for that chapter in Passit until you're consistently achieving a high score. When you start a study session you'll have the ability to choose what questions to challenge: the entire course, math-only or specific chapter(s).

Progress Tracking

Sample Progress Tracking Snapshot

How It Works

It's easy to get lost in a sea of questions and lose sight of personal progress. Our Passit dashboard tracks your results each time you access the study guide. The dashboard displays key information about your progress, all arranged on a single screen so you can monitor it at a glance. It’s part of our dynamic, custom engine that is personalized just for you. Passit even remembers your question history, so subsequent MCQ sets are rearranged based on your correct and incorrect responses.

Location Tags

Passit Page References and Topic Review Lists

How It Works

Individual location tags in Passit MCQs and Rapid Recalls make studying and review so much easier. You know exactly where to find each topic in your OREA course. There’s more good news . . . after completing a set of MCQ questions, you can print a topic review list (including course page numbers) for each incorrect answer. It’s a powerful add-on that makes your study time more productive and focused.

Retired OREA Exam (The Exam Simulator)

Screenshot of Exam Simulator Menu

How It Works

OREA provided us with one official retired exam for inclusion in Passit. You can challenge the OREA exam in Study Mode (feedback and scoring as you go) or Test Mode (feedback and scoring at the end). This popular Passit feature is a real bonus when self-assessing and confirming what you’ve mastered and what needs more attention. Just like our MCQs and Rapid Recall flash cards, all exam questions include handy course locator tags. This exam covers both The Real Estate Transaction—General and Principles of Appraisal.

Appraisal Pointers

Appraisal Pointers Helper Guide Cover Snapshot

How It Works

The OREA exam questions can be complicated, and often certain question styles trip students up. This guide includes a special Appraisal Pointers helper guide with course-specific tips and tricks so there's no surprises on exam day.

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Principles of Appraisal

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     No assistance is provided regarding course content, including its interpretation or clarification. However, all study guide questions do include applicable topic/subtopic references (including page numbers for the printed text) in the applicable course. Students should use facilities provided by the OREA Real Estate College and, more particularly, the OREA Instructor Support Line at 1-866-444-5557 (Monday – Friday, 9:30am – 4:00pm) for all content-related issues. Users agree not to copy questions from any study guide for posting in the OREA forum, as this is a violation of copyright and may result in immediate cancellation of access to the applicable study guide.


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     Passit Online Study Guides (with one exception) include an Exam Simulator. The Exam Simulator provides selected questions from the OREA exam question database, which have been retired from use. Users acessing and using the Exam Simulator acknowledge that this is NOT an examination, nor is it intended to accurately reflect what questions would be included in any examination. Marks attained in Exam Mode do not, in any way, indicate possible success in the respective course examination conducted by the OREA Real Estate College. Users should NOT at any time solely rely on the Exam Simulator for study purposes, as this feature contains a limited exposure to topics, which might be found in an actual examination. The purpose of the Exam Simulator is to assist users by providing access to typical wordings, question structures and other details which may be included in an examination.


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OREA College Closing—November 30, 2020

Purchase, activation of, and access to Passit Guides for OREA College courses will end coincident with the closing of the OREA Real Estate College in November, 2020. Study Guides for the new Humber College program will be sequentially introduced when those courses are made available in 2019.


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Principles of Appraisal

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Guide Details

Professionally Developed, Always Up-To-Date

This Passit Guide covers OREA's Principles of Appraisal course. Get ready to step into the appraiser’s shoes. This course is loaded with technical discussions about direct comparison, cost and income approaches, along with practice-ready guidelines when analyzing neighbourhoods, vacant sites and buildings. Passit covers the entire course with extra focus on case studies and appraisal calculations. Get the online study boost that thousands have done before you. Make life easier with Passit!

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