Humber real estate stuvia - Study guides, Class notes & Summaries

Humber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential CondominiumsHumber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential CondominiumsHumber Real Estate - Course 3, Module 3, Completing Agreements of Purchase and Sale For Residential Condominiums No. They can vary significantly from builder to builder or even from project to project. - ANSWER-Is there a standardized form for builder's agreements? - Dim...

Binding agreement - ANSWER-When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - ANSWER-What methods can be used to draft conditions? A true condition precedent. - ANSWER-If a party is not permitted to waive a condition and is required to fulfill the condition, what is this called? A condition in an agreement calling for an event to happen, or an act to be performed, before the agreement b...

- 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.) - Answer What details can be confirmed on GeoWarehouse? - When did the seller buy the property? - How much did the seller pay for t...

- Zoning - the highest and best use should conform with the zoning, unless there is a probable and imminent prospect that the zoning will change or be amended to accommodate the highest or best use estimate not currently legal - Physical possibility of the proposed use in relation to factors such as the size or shape of the lot, soil condition, water drainage, etc. - The demand for the proposed use along with its economic and financial feasibility - ANSWER-What are 3 key factors that an ap...

Humber Real Estate - Course 2, Module 18, Completing a Residential Agreement of Purchase and Sale, Countering an Offer, and Working with Competing OffersHumber Real Estate - Course 2, Module 18, Completing a Residential Agreement of Purchase and Sale, Countering an Offer, and Working with Competing OffersHumber Real Estate - Course 2, Module 18, Completing a Residential Agreement of Purchase and Sale, Countering an Offer, and Working with Competing OffersHumber Real Estate - Course 2, Module 18,...

Humber Real Estate - Course 1, Module 1 Questions and Answers 100% CorrectHumber Real Estate - Course 1, Module 1 Questions and Answers 100% CorrectHumber Real Estate - Course 1, Module 1 Questions and Answers 100% CorrectHumber Real Estate - Course 1, Module 1 Questions and Answers 100% Correct What does REBBA stand for? - ANSWER-The Real Estate and Business Brokers Act Whose role is it to enforce REBBA? - ANSWER-RECO What is the purpose of REBBA? - ANSWER-To provide a framework for the ...

Humber Real Estate - Course 2, Module 12, Listing and Marketing PropertiesHumber Real Estate - Course 2, Module 12, Listing and Marketing PropertiesHumber Real Estate - Course 2, Module 12, Listing and Marketing PropertiesHumber Real Estate - Course 2, Module 12, Listing and Marketing Properties- Data sheet (accompanies the listing authority) - Warranty information for anything that has a transferable warranty - Municipal Property Assessment Corporation (MPAC) assessment - Verification ...

Comparative Market Analysis - ANSWER-What does CMA stand for? - The Appraisal Institute of Canada (AIC) - The Canadian National Association of Real Estate Appraisers - ANSWER-What are the 2 organizations that designate appraisers in Canada? Canadian Residential Appraiser (CRA): - Qualified to undertake any valuation and consulting assignment on dwellings containing not more than 4 self-contained family housing units or on residential dwelling sites. Accredited Appraiser Canadian Ins...

Binding agreement - Answer When an offer doesn't contain any conditions, it's a _________ _________ once accepted by all parties. - Condition precedent - Condition subsequent - Answer What methods can be used to draft conditions? A true condition precedent. - Answer If a party is not permitted to waive a condition and is required to fulfill the condition, what is this called? A condition in an agreement calling for an event to happen, or an act to be performed, before the agreement b...

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 property owners. - ANSWER-What is the definition of a 'Condominium Corporation'? The condominium board - ANSWER-Who establishes the rules and bylaws in a condominium? To secure the assets of the corporation and ensure residents...