Course 1Module 1, Course 1Modules 1-3, Course 2Module 1, Course 1Module 2, Course 3Module 1, Course 1Module 3, Course 1Module 5, Course 2Module 15, Course 2Module 2, Course 2Module 11, Course 2Module 18, Course 2Module 20, Course 4Module 9, Course 2Module 4,Course 4Module 14, Course 1Module 7, Cour...
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What does REBBA stand for? - Answer The Real Estate and Business Brokers Act Whose role is it to enforce REBBA? - Answer RECO What is the purpose of REBBA? - Answer To provide a framework for the responsive regulation of the real estate profession to protect consumers and ensure the integrity ...
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Add to cartWhat does REBBA stand for? - Answer The Real Estate and Business Brokers Act Whose role is it to enforce REBBA? - Answer RECO What is the purpose of REBBA? - Answer To provide a framework for the responsive regulation of the real estate profession to protect consumers and ensure the integrity ...
Real Estate and Business Brokers Act (REBBA) - Answer - regulates real estate trading - Ministry of Government & Consumer Services is responsible for it - RECO enforces it - provides a framework for the regulation of the profession to protect consumers & ensure integrity of interactions is upheld...
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Add to cartReal Estate and Business Brokers Act (REBBA) - Answer - regulates real estate trading - Ministry of Government & Consumer Services is responsible for it - RECO enforces it - provides a framework for the regulation of the profession to protect consumers & ensure integrity of interactions is upheld...
The relationship between two parties in which one party (the agent) accepts responsibility for representing the other party (the principal) in dealing with a third party. - Answer Under Ontario law, how is an 'agency relationship' defined? Client & Customer - Answer While common law uses the te...
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Add to cartThe relationship between two parties in which one party (the agent) accepts responsibility for representing the other party (the principal) in dealing with a third party. - Answer Under Ontario law, how is an 'agency relationship' defined? Client & Customer - Answer While common law uses the te...
What are the 2 types of offices a brokerage can have? - Answer - Main brokerage office - Branch office Does every branch office require a Broker of Record? - Answer No. Only 1 Broker of Record is required for the main office only. Each branch office is assigned its own Branch Manager to provid...
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Add to cartWhat are the 2 types of offices a brokerage can have? - Answer - Main brokerage office - Branch office Does every branch office require a Broker of Record? - Answer No. Only 1 Broker of Record is required for the main office only. Each branch office is assigned its own Branch Manager to provid...
Title - Answer Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - Answer What is t...
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Add to cartTitle - Answer Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its property owners. - Answer What is t...
Define 'Estate' - Answer An interest in land that contains various rights associated with ownership or tenancy. What are the 2 most common types of estates? - Answer Fee simple & leasehold. What type of rights would be required to build a bridge, railroad or skyscraper? - Answer Air rights ...
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Add to cartDefine 'Estate' - Answer An interest in land that contains various rights associated with ownership or tenancy. What are the 2 most common types of estates? - Answer Fee simple & leasehold. What type of rights would be required to build a bridge, railroad or skyscraper? - Answer Air rights ...
- Attend a listing or offer presentation in a support role with a salesperson (i.e. taking photos or measuring rooms) - Set up listing files, complete marketing sheets, submit listings & changes to the MLS - Witness a seller or buyer signature - Schedule appts for a broker / salesperson - Draft ...
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Add to cart- Attend a listing or offer presentation in a support role with a salesperson (i.e. taking photos or measuring rooms) - Set up listing files, complete marketing sheets, submit listings & changes to the MLS - Witness a seller or buyer signature - Schedule appts for a broker / salesperson - Draft ...
When an offer is drafted, not signed. - Answer What is considered the 'Offer Date'? No. Even if terms are changed on a following day and the offer is re-submitted, the offer date remains the same. - Answer Does the date of an offer change? Use the full legal names, and if the individual has ...
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Add to cartWhen an offer is drafted, not signed. - Answer What is considered the 'Offer Date'? No. Even if terms are changed on a following day and the offer is re-submitted, the offer date remains the same. - Answer Does the date of an offer change? Use the full legal names, and if the individual has ...
- The effective date and expiry date of the agreement (can only be one expiry date) - The method for calculating commission or other remuneration payable to the brokerage (in the case of a seller, the amount payable) - How the commission or other remuneration will be paid - The services that the ...
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Add to cart- The effective date and expiry date of the agreement (can only be one expiry date) - The method for calculating commission or other remuneration payable to the brokerage (in the case of a seller, the amount payable) - How the commission or other remuneration will be paid - The services that the ...
Comparative Market Analysis - Answer What does CMA stand for? - The Appraisal Institute of Canada (AIC) - The Canadian National Association of Real Estate Appraisers - Answer What are the 2 organizations that designate appraisers in Canada? Canadian Residential Appraiser (CRA): - Qualified...
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Add to cartComparative Market Analysis - Answer What does CMA stand for? - The Appraisal Institute of Canada (AIC) - The Canadian National Association of Real Estate Appraisers - Answer What are the 2 organizations that designate appraisers in Canada? Canadian Residential Appraiser (CRA): - Qualified...
A sign back. - Answer A counter offer is also known as what? - Offer date - Irrevocable - Expiry of conditions - conditional date - Requisition - title search date - Completion or closing date Note: The order of these dates does not follow the order on the agreement of purchase and sale. U...
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Add to cartA sign back. - Answer A counter offer is also known as what? - Offer date - Irrevocable - Expiry of conditions - conditional date - Requisition - title search date - Completion or closing date Note: The order of these dates does not follow the order on the agreement of purchase and sale. U...
Yes, to ensure the property is protected. - Answer Is it mandatory to be present at any third-party inspections at the home? - A buyer representation agreement or a buyer customer service agreement - The accepted agreement of purchase and sale - The FINTRAC form for identification verificat...
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Add to cartYes, to ensure the property is protected. - Answer Is it mandatory to be present at any third-party inspections at the home? - A buyer representation agreement or a buyer customer service agreement - The accepted agreement of purchase and sale - The FINTRAC form for identification verificat...
If you are unable to address these areas satisfactorily, you may need to conduct a further review with a lawyer or other third-party experts. Note: You may be asked to provide the lawyer (or third-party experts) with a verbal or written summary of the issue to address separately with the client. ...
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Add to cartIf you are unable to address these areas satisfactorily, you may need to conduct a further review with a lawyer or other third-party experts. Note: You may be asked to provide the lawyer (or third-party experts) with a verbal or written summary of the issue to address separately with the client. ...
A 'Patent Defect' is observable by the untrained eye. A 'Latent Defect' is not readily observable to the untrained eye during the reasonable inspection of a property. - Answer What is the difference between a 'Patent Defect' and a 'Latent Defect'? A material latent defect because it po...
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Add to cartA 'Patent Defect' is observable by the untrained eye. A 'Latent Defect' is not readily observable to the untrained eye during the reasonable inspection of a property. - Answer What is the difference between a 'Patent Defect' and a 'Latent Defect'? A material latent defect because it po...
- Zoning - the highest and best use should conform with the zoning, unless there is a probable and imminent prospect that the zoning will change or be amended to accommodate the highest or best use estimate not currently legal - Physical possibility of the proposed use in relation to factors such...
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Add to cart- Zoning - the highest and best use should conform with the zoning, unless there is a probable and imminent prospect that the zoning will change or be amended to accommodate the highest or best use estimate not currently legal - Physical possibility of the proposed use in relation to factors such...
- Date and time of the request - Consumer's name and contact information - Applicable 10-digit phone number(s) - Answer A brokerage, as a telemarketer, must register with the National Do Not Call List (DNCL) but also maintain an internal do not call list. What should the internal do not call list...
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Add to cart- Date and time of the request - Consumer's name and contact information - Applicable 10-digit phone number(s) - Answer A brokerage, as a telemarketer, must register with the National Do Not Call List (DNCL) but also maintain an internal do not call list. What should the internal do not call list...
The Salesperson can obtain information and verify using the following sources: - listing data sheet, including by contacting the listing Salesperson - various source documents, such as a deed, survey - seller's disclosure document regarding property conditions - seller's pre-listing home in...
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Add to cartThe Salesperson can obtain information and verify using the following sources: - listing data sheet, including by contacting the listing Salesperson - various source documents, such as a deed, survey - seller's disclosure document regarding property conditions - seller's pre-listing home in...
Binding agreement - Answer When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - Answer What methods can be used to draft conditions? A true condition precedent. - Answer If a party is not permit...
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Add to cartBinding agreement - Answer When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - Answer What methods can be used to draft conditions? A true condition precedent. - Answer If a party is not permit...
- Property lot measurements - Registered owner(s) of the property - Last sale date of the property, with the sale price - Assessed value of the property - Legal description of the property - Description of the property (i.e. "single-family detached home" - Total square footage of the propert...
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Add to cart- Property lot measurements - Registered owner(s) of the property - Last sale date of the property, with the sale price - Assessed value of the property - Legal description of the property - Description of the property (i.e. "single-family detached home" - Total square footage of the propert...
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