Humber real estate Study guides, Class notes & Summaries

Humber Real Estate - Course 3, Module 1, Introducing Residential CondominiumsHumber Real Estate - Course 3, Module 1, Introducing Residential CondominiumsHumber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Title - ANSWER-Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. A legal entity that represents the collective interests of its ...

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

Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions Humber Real Estate - Course 2, Module 20, Completing Real Estate Transactions Yes, to ensure the property is protected. - ANSWER-Is it mandatory to be present at any third-party inspections at the home? - A buyer representation agreement or a buyer customer service agreement - The accepted agreement of purchase and sale - ...

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 is considered the 'Offer Date'? - Answer-When an offer is drafted, not signed. Does the date of an offer change? - Answer-No. Even if terms are changed on a following day and the offer is re-submitted, the offer date remains the same. What are the minimum requirements of using a legal name for a seller or buyer when drafting an offer? - Answer-Use the full legal names, and if the individual has one or more middle names, at a minimum identify the initial(s). Tip: Whenever possible, u...

Humber Real Estate - Course 2, Module 9, Preparing to Market a Residential Real Property 2023 Questions and 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, ...