HUMBER REAL ESTATE EXAMS SET
FEATURING SOLVED QUESTIONS AND
ACCURACY CHECKED ANSWERS
●● what is a registrant?
Answer: any individual or brokerage registered to trade in real estate
●● what are the 3 obligations of the code of ethics?
Answer: fairness and honesty, conscientious and competent service,
services from others
●● what does reco stand for?
Answer: real estate council of ontario
●● how long do you have to complete ur education requirements?
Answer: 2 years
●● how long do you have to find work after ur final exam
Answer: 12 months
●● whats a sellers market
Answer: when there are more buyers than properties
, ●● whats a buyers market
Answer: when there are more properties than buyers
●● whats a balanced market
Answer: when the amount of buyers and properties is equal
●● trading or not trading: conversing with a prospective seller regarding
the intent to list a sale for property in the future
Answer: trading
●● trading or not trading: hosting an open house for another salesperson
Answer: trading
●● trading or not trading: posting a weekly blog that talks about
marketing and other real estate topics
Answer: trading
●● trading or not trading: providing advice to a long term neighbour
who has been contemplating selling in an attempt to secure a future
listing
Answer: trading
FEATURING SOLVED QUESTIONS AND
ACCURACY CHECKED ANSWERS
●● what is a registrant?
Answer: any individual or brokerage registered to trade in real estate
●● what are the 3 obligations of the code of ethics?
Answer: fairness and honesty, conscientious and competent service,
services from others
●● what does reco stand for?
Answer: real estate council of ontario
●● how long do you have to complete ur education requirements?
Answer: 2 years
●● how long do you have to find work after ur final exam
Answer: 12 months
●● whats a sellers market
Answer: when there are more buyers than properties
, ●● whats a buyers market
Answer: when there are more properties than buyers
●● whats a balanced market
Answer: when the amount of buyers and properties is equal
●● trading or not trading: conversing with a prospective seller regarding
the intent to list a sale for property in the future
Answer: trading
●● trading or not trading: hosting an open house for another salesperson
Answer: trading
●● trading or not trading: posting a weekly blog that talks about
marketing and other real estate topics
Answer: trading
●● trading or not trading: providing advice to a long term neighbour
who has been contemplating selling in an attempt to secure a future
listing
Answer: trading