Humber real estate stuvia - Study guides, Class notes & Summaries

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 the body of water. - ANSWER-Define 'Frontage' The distance between the front and the rear lot lines. - ANSWER-Define 'Lot Depth' The distance between the two side lot lines. - ANSWER-Define 'Lot Width' The overall area of the lot. It can be stated in either square feet, square meters, hectares or acres. - ANSWER-Define 'Lot Size' ...

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 inspection, if available - online information available from the municipality - ANSWER-When preparing the "offer plan" before drafting the offer, how information can be obtained and verified by the ...

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 the definition of a 'Condominium Corporation'? The condominium board - Answer Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...

- 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 contain? A minimum of 3 years - ANSWER-How long must numbers recorded on the internal Do Not Call List be kept? If the person ... - Made an inquiry within the last six months - Purchased, lea...

Humber Real Estate - Course 2, Module 2, Documenting Relationships with Sellers and BuyersHumber Real Estate - Course 2, Module 2, Documenting Relationships with Sellers and BuyersHumber Real Estate - Course 2, Module 2, Documenting Relationships with Sellers and BuyersHumber 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 remu...

Humber Real Estate Course 1: Modules 1-3 with Complete SolutionsHumber Real Estate Course 1: Modules 1-3 with Complete SolutionsHumber Real Estate Course 1: Modules 1-3 with Complete SolutionsHumber Real Estate Course 1: Modules 1-3 with Complete SolutionsReal 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 protec...

- 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 property - Various reports about the neighbourhood (crime rates, etc.) - ANSWER-What details can be confirmed on GeoWarehouse? - When did the seller buy the property? - How much did the seller pay for t...

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 verification and Receipt of Funds for the deposit - ANSWER-At the time an offer is accepted, what documents must be provided to the brokerage? The conditions are historical evidence of the progress of the p...

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 terms 'Principal' and 'Third Party', what terms does REBBA use instead? The Common Law of Agency - ANSWER-The underlying relationship of the brokerage, salesperson, seller and buyer is based on w...

Humber Real Estate - Course 1, Module 5: Introducing the Real Estate and Business Brokers Act (REBBA) Humber Real Estate - Course 1, Module 5: Introducing the Real Estate and Business Brokers Act (REBBA) Humber Real Estate - Course 1, Module 5: Introducing the Real Estate and Business Brokers Act (REBBA) - 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 & chan...