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...
[Show more]
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 ...
Preview 2 out of 6 pages
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...
Preview 2 out of 10 pages
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...
Preview 3 out of 17 pages
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...
Preview 2 out of 8 pages
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...
Preview 4 out of 33 pages
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 ...
Preview 2 out of 7 pages
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 ...
Preview 2 out of 10 pages
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 ...
Preview 3 out of 19 pages
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 ...
Preview 2 out of 12 pages
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...
Preview 2 out of 11 pages
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...
Preview 2 out of 9 pages
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...
Preview 2 out of 15 pages
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. ...
Preview 2 out of 5 pages
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...
Preview 2 out of 7 pages
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...
Preview 2 out of 15 pages
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...
Preview 3 out of 23 pages
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...
Preview 4 out of 76 pages
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...
Preview 2 out of 14 pages
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...
Preview 3 out of 18 pages
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...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller Grademasters. Stuvia facilitates payment to the seller.
No, you only buy these notes for $40.99. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
