HUMBER COLLEGE REAL ESTATE COURSE
1 SUMMARY | COMPLETE STUDY
(2026/2027)
TABLE OF CONTENT
➢ 1 Module 1 – Introduction to Real Estate
Pg. 3
➢ 2 Important Points from Module 1: pg.--7
➢ 3 Important Points from Module 2
pg.--9
➢ 4 Important Points from Module 3
pg. --16
➢ 5 Summary of Important Points from
Module 2 pg. --18
➢ 6 Module 4 – Land Description and
Registration pg. --27
1
, ➢ 7 Summary of Important Points from
Module 4 pg. --30
➢ 8 Module 5 – Introducing the Real
Estate and Business Brokers Act
(REBBA) pg.--33
➢ 9 Summary of Module 5: Introducing
the Real Estate and Business Brokers
Act (REBBA) pg. –37
➢ 10 Module 6 – Introducing Key
Legislation and Regulations pg. --39
➢ 11 Key Points from Module 6:
Introducing Key Legislation and
Regulations pg. --44
➢ 12 Module 7 Summary: Introducing
Other Relevant Legislation and
Regulations pg. --45
➢ 13 summary of the important points
in Module 7: Introducing Other
2
, Relevant Legislation and Regulations
pg. --51
Module 1 – Introduction to Real Estate
Registrant Definition:
• The term "registrant" refers to any individual or brokerage
registered to trade in real estate under the Real Estate and
Business Brokers Act (REBBA), encompassing all brokerages,
brokers, and salespersons.
Code of Ethics:
• The code of ethics aims to protect buyers and sellers by outlining
professional and ethical standards.
• Key principles include:
o Fairness and Honesty: Ensuring transparency about
property conditions.
o Conscientious and Competent Service: Including necessary
clauses like those for septic systems. o Services from
Others: Leveraging third-party expertise like appraisers.
Regulatory Body:
• The Real Estate Council of Ontario (RECO) administers REBBA for
the Ministry of Government and Consumer Services. RECO
3
, registers brokerages, brokers, and salespersons, ensuring
consistent standards across Ontario.
Trading Activities:
• Trading includes listing, showing, negotiating, and any activity
related to the sale, lease, or rental of properties.
• Brokerages, which can be corporations, partnerships, or sole
proprietorships, act on behalf of others for compensation.
Broker of Record:
• A designated broker ensuring compliance with REBBA, managing
daily operations, and supervising other salespersons and brokers.
Salesperson Skills:
• Essential skills include relationship-building, negotiating, problem-
solving, interview techniques, self-discipline, research,
organization, planning, confidence, persistence, mathematical
skills, and computer literacy.
Market Types:
• Seller’s Market: High demand, low supply, rising prices.
• Buyer’s Market: High supply, low demand, falling prices.
• Balanced Market: Supply and demand are equal, stable prices.
Types of Real Estate:
• Residential Resale: Properties bought and sold by individuals.
• New Home Sales: Builders selling to buyers.
• Condominium Sales: Understanding ownership structures and
common property.
4
1 SUMMARY | COMPLETE STUDY
(2026/2027)
TABLE OF CONTENT
➢ 1 Module 1 – Introduction to Real Estate
Pg. 3
➢ 2 Important Points from Module 1: pg.--7
➢ 3 Important Points from Module 2
pg.--9
➢ 4 Important Points from Module 3
pg. --16
➢ 5 Summary of Important Points from
Module 2 pg. --18
➢ 6 Module 4 – Land Description and
Registration pg. --27
1
, ➢ 7 Summary of Important Points from
Module 4 pg. --30
➢ 8 Module 5 – Introducing the Real
Estate and Business Brokers Act
(REBBA) pg.--33
➢ 9 Summary of Module 5: Introducing
the Real Estate and Business Brokers
Act (REBBA) pg. –37
➢ 10 Module 6 – Introducing Key
Legislation and Regulations pg. --39
➢ 11 Key Points from Module 6:
Introducing Key Legislation and
Regulations pg. --44
➢ 12 Module 7 Summary: Introducing
Other Relevant Legislation and
Regulations pg. --45
➢ 13 summary of the important points
in Module 7: Introducing Other
2
, Relevant Legislation and Regulations
pg. --51
Module 1 – Introduction to Real Estate
Registrant Definition:
• The term "registrant" refers to any individual or brokerage
registered to trade in real estate under the Real Estate and
Business Brokers Act (REBBA), encompassing all brokerages,
brokers, and salespersons.
Code of Ethics:
• The code of ethics aims to protect buyers and sellers by outlining
professional and ethical standards.
• Key principles include:
o Fairness and Honesty: Ensuring transparency about
property conditions.
o Conscientious and Competent Service: Including necessary
clauses like those for septic systems. o Services from
Others: Leveraging third-party expertise like appraisers.
Regulatory Body:
• The Real Estate Council of Ontario (RECO) administers REBBA for
the Ministry of Government and Consumer Services. RECO
3
, registers brokerages, brokers, and salespersons, ensuring
consistent standards across Ontario.
Trading Activities:
• Trading includes listing, showing, negotiating, and any activity
related to the sale, lease, or rental of properties.
• Brokerages, which can be corporations, partnerships, or sole
proprietorships, act on behalf of others for compensation.
Broker of Record:
• A designated broker ensuring compliance with REBBA, managing
daily operations, and supervising other salespersons and brokers.
Salesperson Skills:
• Essential skills include relationship-building, negotiating, problem-
solving, interview techniques, self-discipline, research,
organization, planning, confidence, persistence, mathematical
skills, and computer literacy.
Market Types:
• Seller’s Market: High demand, low supply, rising prices.
• Buyer’s Market: High supply, low demand, falling prices.
• Balanced Market: Supply and demand are equal, stable prices.
Types of Real Estate:
• Residential Resale: Properties bought and sold by individuals.
• New Home Sales: Builders selling to buyers.
• Condominium Sales: Understanding ownership structures and
common property.
4
