HUMBER REAL ESTATE CORE EXAMS SET 2026/2027
QUESTIONS AND SOLUTIONS RATED A+
✔✔Bi-level/Split Entrance - ✔✔split level between upper and lower areas
✔✔one and a half storey - ✔✔60% of living space on first floor
✔✔define a split level house - ✔✔A split-level home is a style of house in which the floor
levels are staggered
✔✔two story - ✔✔having two floors or levels
✔✔townhouse/row house - ✔✔three+ units joined with party walls
✔✔linked dwelling - ✔✔A linked house is a type of house whereby the homes above
ground appear to be detached, but they share a common wall in the basement or
foundation.
✔✔multi-unit residential dwelling - ✔✔multiple dwelling units in one building
✔✔Mixed Use Property - ✔✔a property with three or more revenue producing uses
✔✔what are the three categories of industrial buildings - ✔✔1. general
2. special purpose
3. single purpose
✔✔who oversees REBBA - ✔✔the provincial government
✔✔Organized Real Estate - ✔✔voluntary membership made up of local real estate
boards, provincial, and territorial associations, as well as CREA
✔✔define CREA - ✔✔Canadian Real Estate Association
✔✔define OREA - ✔✔Ontario Real Estate Administration; represents brokers and sales
people
✔✔define the purpose of the Real Estate Institute of Canada - ✔✔a non-profit
organization providing advanced education of Real Estate.
✔✔Certified Commercial Investment Member (CCIM) - ✔✔professional development for
real estate professionals and professionals in allied industries
✔✔Society of Industrial and Office Realtors (SIOR) - ✔✔Leading international
organization of commerce and industrial practitioners
, ✔✔Broker of Record - ✔✔the broker is responsible for what happens in the agency
✔✔branch manager - ✔✔Manages all the personnel at a specific bank location or
branch.
✔✔what are the two main types of estates? - ✔✔1. fee simple
2. lease hold
✔✔define estate - ✔✔INTEREST IN PROPERTY. DEGREE, QUANTITY, NATURE,
AND EXTENT OF OWNERSHIP. NOT THE AMOUNT OF PROPERTY OWNED.
✔✔define fee simple estate - ✔✔Is when the owner is entitled to all rights in the
property
✔✔Define leasehold estate - ✔✔a legal term for a property rental or lease. It does not
grant ownership but grants the lessee, or tenant, certain rights to use the property for a
specified amount of time, in exchange for a specified payment made to the lessor, or
owner/landlord.
✔✔Define air rights - ✔✔rights to space above physical land surface
✔✔Riparian Rights - ✔✔An owner's rights in land that borders on or includes a stream,
river, or lake. These rights include access to and use of the water. mostly for
recreational properties.
✔✔Mineral Rights - ✔✔The landowner's ability to take minerals from the earth or to sell
or lease this right to others.
✔✔Concurrent Ownership - ✔✔Ownership by two or more persons at the same time
✔✔Joint Tenency - ✔✔Ownership of property by two or more co-owners, each of whom
has an equal share and the right of survivorship
✔✔tenants in common - ✔✔shared ownership of a single property among two or more
persons; interests need not be equal and no right of survivorship exists
✔✔Right of Survivorship - ✔✔Upon the death of a joint tenant or tenant by the entirety
the interest does not pass to the tenant's heirs but to the other join tenant(s).
✔✔co-operative - ✔✔property owned by a corporation; members agree to occupy a
certain unit
QUESTIONS AND SOLUTIONS RATED A+
✔✔Bi-level/Split Entrance - ✔✔split level between upper and lower areas
✔✔one and a half storey - ✔✔60% of living space on first floor
✔✔define a split level house - ✔✔A split-level home is a style of house in which the floor
levels are staggered
✔✔two story - ✔✔having two floors or levels
✔✔townhouse/row house - ✔✔three+ units joined with party walls
✔✔linked dwelling - ✔✔A linked house is a type of house whereby the homes above
ground appear to be detached, but they share a common wall in the basement or
foundation.
✔✔multi-unit residential dwelling - ✔✔multiple dwelling units in one building
✔✔Mixed Use Property - ✔✔a property with three or more revenue producing uses
✔✔what are the three categories of industrial buildings - ✔✔1. general
2. special purpose
3. single purpose
✔✔who oversees REBBA - ✔✔the provincial government
✔✔Organized Real Estate - ✔✔voluntary membership made up of local real estate
boards, provincial, and territorial associations, as well as CREA
✔✔define CREA - ✔✔Canadian Real Estate Association
✔✔define OREA - ✔✔Ontario Real Estate Administration; represents brokers and sales
people
✔✔define the purpose of the Real Estate Institute of Canada - ✔✔a non-profit
organization providing advanced education of Real Estate.
✔✔Certified Commercial Investment Member (CCIM) - ✔✔professional development for
real estate professionals and professionals in allied industries
✔✔Society of Industrial and Office Realtors (SIOR) - ✔✔Leading international
organization of commerce and industrial practitioners
, ✔✔Broker of Record - ✔✔the broker is responsible for what happens in the agency
✔✔branch manager - ✔✔Manages all the personnel at a specific bank location or
branch.
✔✔what are the two main types of estates? - ✔✔1. fee simple
2. lease hold
✔✔define estate - ✔✔INTEREST IN PROPERTY. DEGREE, QUANTITY, NATURE,
AND EXTENT OF OWNERSHIP. NOT THE AMOUNT OF PROPERTY OWNED.
✔✔define fee simple estate - ✔✔Is when the owner is entitled to all rights in the
property
✔✔Define leasehold estate - ✔✔a legal term for a property rental or lease. It does not
grant ownership but grants the lessee, or tenant, certain rights to use the property for a
specified amount of time, in exchange for a specified payment made to the lessor, or
owner/landlord.
✔✔Define air rights - ✔✔rights to space above physical land surface
✔✔Riparian Rights - ✔✔An owner's rights in land that borders on or includes a stream,
river, or lake. These rights include access to and use of the water. mostly for
recreational properties.
✔✔Mineral Rights - ✔✔The landowner's ability to take minerals from the earth or to sell
or lease this right to others.
✔✔Concurrent Ownership - ✔✔Ownership by two or more persons at the same time
✔✔Joint Tenency - ✔✔Ownership of property by two or more co-owners, each of whom
has an equal share and the right of survivorship
✔✔tenants in common - ✔✔shared ownership of a single property among two or more
persons; interests need not be equal and no right of survivorship exists
✔✔Right of Survivorship - ✔✔Upon the death of a joint tenant or tenant by the entirety
the interest does not pass to the tenant's heirs but to the other join tenant(s).
✔✔co-operative - ✔✔property owned by a corporation; members agree to occupy a
certain unit
