Humber Real Estate
Arizona School Of Real Estate And Business
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MASTER SET HUMBER REAL ESTATE COURSE 1 EXAM |557 QUESTIONS AND ANSWERS
- Exam (elaborations) • 84 pages • 2023
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What does REBBA stand for? 
Real Estate and Business Brokers Act 
 
 
 
Whose role is it to enforce REBBA? 
RECO 
 
 
 
Purpose of REBBA? 
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? 
The Ministry of Government and Consumer Services is 'responsible' for REBBA, but it's RECO's role to interpret, enforce and sugge...
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Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums exam 173 questions and answers.docx
- Exam (elaborations) • 35 pages • 2023
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Title 
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 property owners. 
What is the definition of a 'Condominium Corporation'? 
 
 
 
The condominium board 
Who establishes the rules and bylaws in a condominium? 
 
 
 
To secure the assets of the corporation and ensure residents live harmon...
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Humber Real Estate - Course 1, Module 2 exam| 65 questions and answers
- Exam (elaborations) • 18 pages • 2023
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What are the 2 types of offices a brokerage can have? 
- Main brokerage office 
- Branch office 
 
 
 
Does every branch office require a Broker of Record? 
No. 
Only 1 Broker of Record is required for the main office only. Each branch office is assigned its own Branch Manager to provide supervision, compliance with REBBA & handle all record management. 
 
 
 
When a brokerage has a property for sale, what is the brokerage identified as? 
The listing brokerage 
 
 
 
When a brokerage is working ...
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Humber Real Estate - Course 1, Module 6 exam |99 questions and answers 2023
- Exam (elaborations) • 17 pages • 2023
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What is a contract? 
A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. 
 
 
 
True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. 
False. Any contract in real estate is required to be in writing. 
 
 
 
When drafting a contract, what does The Statute of Frauds require? 
- Must be in writing to be enforceable by ...
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Humber Real Estate - Course 1, Module 7 Introducing Other Relevant Legislation & Regulations exam |145 questions and answers
- Exam (elaborations) • 25 pages • 2023
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- Date and time of the request 
- Consumer's name and contact information 
- Applicable 10-digit phone number(s) 
A brokerage, as a telemarketer, must register with the National Do Not Call List (DNCL) but also maintain an internal do not call list. What should the internal do not call list contain? 
 
 
 
A minimum of 3 years 
How long must numbers recorded on the internal Do Not Call List be kept? 
 
 
 
If the person ... 
- Made an inquiry within the last six months 
- Purchased, leased or r...
And that's how you make extra money
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Humber Real Estate - Course 1, Module 6 Introducing the Key Legislation & Regulations 200 questions and answers
- Exam (elaborations) • 35 pages • 2023
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What is a contract? 
A legally binding agreement between two or more persons, competent at law to enter into such agreement, for consideration or value, to do or refrain from doing something lawful. 
 
 
 
True or false? An oral contract for the acquisition or disposition of any interest in the land is enforceable. 
False. Any contract in real estate is required to be in writing. 
 
 
 
When drafting a contract, what does The Statute of Frauds require? 
- Must be in writing to be enforceable by ...
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BUNDLE::::HUMBER REAL ESTATE EXAMS 2023/24|ALL VERIFIED FOR ACCURACY|ALL GRADED A+
- Package deal • 18 items • 2023
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BUNDLE::::HUMBER REAL ESTATE EXAMS 2023/24|ALL VERIFIED FOR ACCURACY|ALL GRADED A+
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HUMBER REAL ESTATE BUNDLED EXAMS 2023/24|ALL GRADED A+
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HUMBER REAL ESTATE BUNDLED EXAMS 2023/24|ALL GRADED A+
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Humber Real Estate - Course 1, Module 3| 57 questions and answers.
- Exam (elaborations) • 8 pages • 2023
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Define 'Estate' 
An interest in land that contains various rights associated with ownership or tenancy. 
 
 
 
What are the 2 most common types of estates? 
Fee simple & leasehold. 
 
 
 
What type of rights would be required to build a bridge, railroad or skyscraper? 
Air rights 
 
 
 
What type of rights would be required to build on a parcel of land? 
Surface (or ground level) rights 
 
 
 
What type of rights manage the property owner's access to and use water, and are often encountered i...
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Humber Real Estate - Course 1, Module 5 Introducing the Real Estate and Business Brokers Act (REBBA) 59 questions and answers
- Exam (elaborations) • 11 pages • 2023
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- Attend a listing or offer presentation in a support role with a salesperson (i.e. taking photos or measuring rooms) 
- Set up listing files, complete marketing sheets, submit listings & changes to the MLS 
- Witness a seller or buyer signature 
- Schedule appts for a broker / salesperson 
- Draft offers based on directions of a broker / salesperson 
- Provide listing info to consumers (i.e. a flyer) 
- Prepare promo material or place "For Sale" or "Sold" sign on property 
- Install lockbox...
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