Humber Real Estate Bundled Questions and CORRECT Answers

Humber Real Estate - Course 2, Module 7, Understanding Residential Construction - Mechanical Systems UPDATED Exam Questions and CORRECT Answers 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 ...

Humber Real Estate - Course 2, Module 17, Writing Conditions to be Included in an Agreement of Purchase Sale UPDATED Exam Questions and CORRECT Answers Binding agreement - Correct Answer- When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties...

MASTER SET HUMBER REAL ESTATE COURSE: 1 UPDATED Questions and CORRECT Answers What does REBBA stand for? - Correct Answer- Real Estate and Business Brokers Act Whose role is it to enforce REBBA? - Correct Answer- RECO Purpose of REBBA? - Correct Answer- provide a framework for the responsive ...

Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer UPDATED Questions and CORRECT Answers The relationship between two parties in which one party (the agent) accepts responsibility for representing the other party (the principal) in dealing with a thi...

Humber Real Estate - Course 2, Module 2, Documenting Relationships with Sellers and Buyers UPDATED Questions and CORRECT Answers - 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 br...

Humber Real Estate - Course 2, Module 5, The Financial Aspects of the Buying and Selling Process and the Role of Third-Party Professionals UPDATED Questions and CORRECT Answers - Home stager - Lender (i.e. a cost associated with discharging a mortgage early) - Surveyor - Lawyer - HST or...

Humber Real Estate - Course 2, Module 6, Understanding Residential Construction - Structural Components UPDATED Questions and CORRECT Answers The side of the street that abuts or borders a public street or highway - except for waterfront properties which is considered the side that border th...

Humber Real Estate - Course 2, Module 9, Preparing to Market a Residential Real Property UPDATED Questions and CORRECT Answers - 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 d...

Humber Real Estate - Course 2, Module 14, The Offer Process and Regulatory Obligations UPDATED Questions and CORRECT Answers No, but there is certain information relating to the rights and obligations of the parties that must be included. - Correct Answer- Is there a standard form used for ...

Humber Real Estate - Course 2, Module 15, Introducing a Residential Agreement of Purchase and Sale UPDATED Questions and CORRECT Answers When an offer is drafted, not signed. - Correct Answer- What is considered the 'Offer Date'? No. Even if terms are changed on a following day and the off...