100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Humber Real Estate - Course 2, Module 9, Preparing to Market a Residential Real Property UPDATED Questions and CORRECT Answers CA$14.38   Add to cart
Quickly navigate to
Preview
  2.  
  3. Humber Real Estate
  4.  
  5. Humber Real Estate

Exam (elaborations)

Humber Real Estate - Course 2, Module 9, Preparing to Market a Residential Real Property UPDATED Questions and CORRECT Answers
 6 views  0 purchase
  • Course
  • Humber Real Estate
  • Institution
  • Humber Real Estate

Humber Real Estate - Course 2, Module 9, Preparing to Market a Residential Real Property UPDATED Questions and CORRECT Answers - Property lot measurements - Registered owner(s) of the property - Last sale date of the property, with the sale price - Assessed value of the property - Legal ...

[Show more]

Preview 3 out of 17  pages

Document information

  • September 9, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • humber real estate
  • humber real estate course 2 module 9
  • humber real estate course 2
  • preparing to market a residential real property

Written for

  • Humber Real Estate
  • Humber Real Estate

Seller

avatar-seller
MGRADES

Reviews received

Content preview

Humber Real Estate - Course 2, Module 9,
Preparing to Market a Residential Real
Property UPDATED Questions and
CORRECT Answers
- Property lot measurements
- Registered owner(s) of the property
- Last sale date of the property, with the sale price
- Assessed value of the property
- Legal description of the property
- Description of the property (i.e. "single-family detached home"
- Total square footage of the property
- Various reports about the neighbourhood (crime rates, etc.) - Correct Answer- What details
can be confirmed on GeoWarehouse?


- When did the seller buy the property?
- How much did the seller pay for the property?
- Are there any past disclosures about the property? - Correct Answer- Before a pre-listing
presentation, what details can you find in the archives of the local listing service?


- Check with the local police department
- Do an internet search using the property address - Correct Answer- How can you determine
any misuse or stigma associated with a property?


Are you working with another salesperson or brokerage? If they say yes, you should end
further communication with them.


If not, you can ask them why they are selling their property. - Correct Answer- Before
scheduling a pre-listing presentation, what question should you ask the seller?


- 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) - Correct Answer- What are the components of a pre-listing
presentation?


5 years - Correct Answer- How long is a FINTRAC form kept on file for?


- Measuring tool (i.e. laser measuring device, digital measuring wheel, tape measure)
- Flashlight
- Camera
- Notepad - Correct Answer- What tools are required for taking your own measurements of
the property?


A material latent defect. - Correct Answer- What type of defect would it be if a property
experienced extensive basement flooding during the spring thaw but cannot be detected in the
winter?


True - Correct Answer- True or false? The non-disclosure of a known serious latent defect
may invalidate the contract.


- Ask the seller questions about the condition of the property

, - Use a seller property information statement to help identify known latent defects and obtain
the seller's permission to make this statement available to all interested parties


- Ensure the seller understands the importance of making accurate statements about the
condition of the property, particularly relating to material latent defects


- Remind the seller of their legal obligation to disclose known latent defects to all potential
buyers


- Advise the seller that non-disclosure of a serious latent defect may invalidate the agreement
of purchase and sale or lead to legal consequences - Correct Answer- To avoid future legal
issues and protect both the seller and the brokerage, you would do what during a pre-listing
presentation?


- Finished or unfinished
- Cracks
- Moisture
- Mould
- Peeling paint
- Water stains - Correct Answer- During a visual inspection, what should you look for in the
attic and basement?


Floors:
- Type of floors (hardwood, laminate, broadloom, ceramic)
- Condition of the floors (slanted, warped)


Staircase:
- Safety rail
- Slanted or loose stairs
- A large number of stairs that would be a problem for a person with limited mobility -
Correct Answer- During a visual inspection, what should you look for in relation to floors and
staircases?


- Cracks

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$14.38. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75057 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$14.38
  • (0)
  Add to cart