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Exam (elaborations)

Humber Real Estate - Course 2, Module 9, Preparing to Market a Residential Real Property

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Humber Real Estate - Course 2, Module 9, Preparing to Market a Residential Real Property

Institution
Real Estate Humber
Course
Real estate humber











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Institution
Real estate humber
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Real estate humber

Document information

Uploaded on
January 30, 2025
Number of pages
32
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

How should you verify the accuracy of room sizes?


Give this one a try later!

, - Document any irregularly shaped rooms, including how that room was
measured (e.g. "from the widest point")

- Measure rooms yourself; you should not rely solely on previous listing
information, which should be used only as a source of comparison




How should you verify the accuracy of the lot size?


Give this one a try later!


- Review and retain a copy of the survey from the seller and keep it on file for
reference

- Review and compare source documents, such as the tax bill and notice of
assessment from MPAC, which contain the lot frontage and depth

- Include the frontage and depth for rectangular lots, full dimensions for
irregular lots, and dimensions and/or exact acreage for larger tracts




What are the 3 measurements you will mostly use to measure a property?


Give this one a try later!

, - Metres/Feet (for rooms and lots)

- Square metres/Square feet (area of a house or condo)

- Hectares/Acres (total and workable farm area & rural/recreational vacant
land and building lots)




Inches, Feet, Square Feet and Acres are units used in what measurement system?


Give this one a try later!


The Imperial System




What is considered "below grade" according to AIC guidelines?


Give this one a try later!


If earth is adjacent to a portion of a given wall, the entire level is generally
considered below-grade.

Occasionally, exceptions may apply, especially with dwellings build into
slopes or hills.




What are the components of a pre-listing presentation?


Give this one a try later!

, - Information about the history and success of the brokerage

- Information about yourself

- Applicable forms, such as a representation agreement,
data sheet and property disclosure forms


- Past and current client testimonials

- Supporting documentation (i.e. other listings, market trend information and
related analysis to assist in the discussion)

- Overall strategy for establishing a listing price and marketing their property


- Information about current market conditions (i.e. whether it's a seller's
market, buyer's market or balanced market)




How can you verify the accuracy of information about plumbing?


Give this one a try later!


- Visually inspect the plumbing to determine whether it's copper, PVC, Kitec,
lead or galvanized

- If Kitec exists, recommend that an inspection and written report be
completed by a licensed plumber regarding the current condition of the
plumbing




How do you calculate the total area of a right angle triangle?


*Note: These calculations are best learned by looking at the illustrations in the lessons
and practicing the examples.

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