Humber Real Estate Courses - Already Verified Papers

Master Set Humber Real Estate Course: 1 Verified Answers What does REBBA stand for? Real Estate and Business Brokers Act Whose role is it to enforce REBBA? RECO Purpose of REBBA? provide a framework for the responsive regulation of the real estate profession to protect consumers and ensure t...

Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer 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. Under Ontario law, how is an ...

Humber Real Estate Course 1: Modules 1-3 Verified Solutions Real Estate and Business Brokers Act (REBBA) - 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 cons...

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Verified Solutions Title ️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 ...

Humber Real Estate - Course 1, Module 4 All Answers Correct - "Individual parcel" (referenced by a Property Identification Number or PIN) - Individual name - Municipal address - Mapping - Registered instrument number - Condominium plan - Plan of Subdivision ️POLARIS permits the user to find prop...

Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning A self-contained housing unit with one or more habitable rooms containing at minimum a kitchen, bathroom facilities and an exit from the building. Define a 'Dwelling Unit' - A duplex is ...

Humber Real Estate - Course 4, Module 9 Completing Agreements of Purchase and Sale for Office and Retail Properties 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 ...

Humber Real Estate - Course 2, Module 7, Understanding Residential Construction - Mechanical Systems From the street via the electrical service entrance cable into the electrical main disconnect, where it can be shut off. From there it goes to the Distribution panel and gets sent through cir...

Humber Real Estate - Course 2, Module 2, Documenting Relationships with Sellers and Buyers - 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 amou...

Humber Real Estate - Course 2, Module 4, Factors Impacting Residential Real Estate Negotiations 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. What is the difference be...

Humber Real Estate - Course 2, Module 15, Introducing a Residential Agreement of Purchase and Sale When an offer is drafted, not signed. ️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....

Humber Real Estate - Course 4, Module 14: Transactions Involving Development Land and Farms - 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 esti...

Humber Real Estate - Course 2, Module 19, Additional Sale-Related Documents and Other Legal Obligations Graded A The brokerage As a salesperson, you may not be required to prepare a trade record sheet. They are typically done by who? True. Any changes must be in a new document called an am...

Humber Real Estate - Course 4, Module 5: Preparing to Sell Commercial Condominiums A New Owner Information Certificate (NOIC) Note: This provides new owners with the most recent Periodic Information Certificate (PIC) or the most recent Information Certificate Update. NOIC must be sent ASAP a...