Humber Real Estate Course 1: Modules 1-3 with Complete Solutions

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 protect consumers & ensure integrity of interactions is upheld REBBA Code of Ethics - ANSWER-- objective is to protect sellers & buyers by outlining standards to be upheld during all real estate activities - Fairness & Honesty - Conscientious & Competent Service - Services From Others Code of Ethics: Services From Others - ANSWER-must advise a seller/buyer to obtain services from another person if the registrant isn't able to provide the services listing brokerage - ANSWER-when a brokerage has a property listed for sale co-operating brokerage - ANSWER-A brokerage (typically representing the buyer) who is cooperating with a listing brokerage in a real estate trade. buyer's brokerage - ANSWER-The term used to refer to the buyer's brokerage when the seller doesn't have their property listed for sale with a brokerage (privately selling their home). lessor - ANSWER-the one who grants the lease, the landlord