Humber real estate Study guides, Class notes & Summaries

Humber Real Estate - Course 2, Module 15, Introducing a Residential Agreement of Purchase and Sale 2023 Questions and Answers

The relationship between two parties in which one party (the agent) accepts responsibility for representing the other party (the principal) in dealing with a third party. - correct answer Under Ontario law, how is an 'agency relationship' defined? Client & Customer - correct answer While common law uses the terms 'Principal' and 'Third Party', what terms does REBBA use instead? The Common Law of Agency - correct answer The underlying relationship of the brokerage, salesperson, ...

The side of the street that abuts or borders a public street or highway - except for waterfront properties which is considered the side that border the body of water. - correct answer Define 'Frontage' The distance between the front and the rear lot lines. - correct answer Define 'Lot Depth' The distance between the two side lot lines. - correct answer Define 'Lot Width' The overall area of the lot. It can be stated in either square feet, square meters, hectares or acres. - ...

Humber Real Estate - Course 1, Module 4 questions with correct answers

What are some sample questions to understand seller's needs and motivations? - correct answer - why do you want to sell the property? - what are you plans once you sell? - when do you hope to have the home on the market? - what is your ideal closing date? - do you have a listing price in mind for the property? - is there a definite time period in which the property must be sold? - have you already purchased another property? - are there any current issues with the property? What is ...

The relationship between two parties in which one party (the agent) accepts responsibility for representing the other party (the principal) in dealing with a third party. - correct answer Under Ontario law, how is an 'agency relationship' defined? Client & Customer - correct answer While common law uses the terms 'Principal' and 'Third Party', what terms does REBBA use instead? The Common Law of Agency - correct answer The underlying relationship of the brokerage, salesperson, ...

Humber Real Estate Course 1: Modules 1-3 questions with correct answers

What does REBBA stand for? CORRECT ANSWER Real Estate and Business Brokers Act Whose role is it to enforce REBBA? CORRECT ANSWER RECO Purpose of REBBA? CORRECT ANSWER provide a framework for the responsive regulation of the real estate profession to protect consumers and ensure the integrity of real estate transactions is upheld. What Ontario government body is responsible for REBBA? CORRECT ANSWER The Ministry of Government and Consumer Services is 'responsible' for REBBA, but it's ...

Humber Real Estate - Course 1, Module 7: Introducing Other Relevant Legislation & Regulations Humber Real Estate - Course 1, Module 7: Introducing Other Relevant Legislation & Regulations Humber Real Estate - Course 1, Module 7: Introducing Other Relevant Legislation & Regulations - Date and time of the request - Consumer's name and contact information - Applicable 10-digit phone number(s) - ANSWER-A brokerage, as a telemarketer, must register with the National Do Not Call List...

Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer with complete solution