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MASTER SET HUMBER REAL ESTATE COURSE: 1 QUESTIONS AND ANSWERS

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MASTER SET HUMBER REAL ESTATE COURSE: 1 QUESTIONS AND ANSWERS What does REBBA stand for? - Answer️️ -Real Estate and Business Brokers Act Whose role is it to enforce REBBA? - Answer️️ -RECO Purpose of REBBA? - Answer️️ -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? - Answer️️ -The Ministry of Governme...

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Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Questions and Answers

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Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Questions and Answers Title - Answer️️ -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. - Answer️️ -What is the definition of a 'Condominium Corporation'? The condominium board - Answer️...

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Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer Questions and Answers

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Humber Real Estate - Course 2, Module 1, Explaining Services Available to a Seller or Buyer 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. - Answer️️ -Under Ontario law, how is an 'agency relationship' defined? Client & Customer - Answer️️ -While common law uses the terms 'Principal' and 'Third Party', what terms does REBBA use ins...

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Humber Real Estate - Course 1, Module 1 Questions and Answers

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Humber Real Estate - Course 1, Module 1 Questions and Answers What does REBBA stand for? - Answer️️ -The Real Estate and Business Brokers Act Whose role is it to enforce REBBA? - Answer️️ -RECO What is the purpose of REBBA? - Answer️️ -To 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? - Answer️️ -The Mi...

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Humber Real Estate Course 1: Modules 1-3 Questions and Answers

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Humber Real Estate Course 1: Modules 1-3 Questions and Answers Real Estate and Business Brokers Act (REBBA) - Answer️️ -- regulates real estate trading - Ministry of Government & Consumer Services is responsible for it - RECO enforces it - provides a framework for the regulation of the profession to protect consumers & ensure integrity of interactions is upheld REBBA Code of Ethics - Answer️️ -- objective is to protect sellers & buyers by outlining standards to be upheld during ...

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Humber Real Estate Course 1: Modules 1-3 Questions and Answers

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Humber Real Estate Course 1: Modules 1-3 Questions and Answers Real Estate and Business Brokers Act (REBBA) - Answer️️ -- regulates real estate trading - Ministry of Government & Consumer Services is responsible for it - RECO enforces it - provides a framework for the regulation of the profession to protect consumers & ensure integrity of interactions is upheld REBBA Code of Ethics - Answer️️ -- objective is to protect sellers & buyers by outlining standards to be upheld during ...

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Humber Real Estate - Course 1, Module 4 Questions and Answers 100% Pass

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Humber Real Estate - Course 1, Module 4 Questions and Answers 100% Pass Chain and link system (aka Gunter's Chain) - Answer️️ -What's the name of the primitive system used for measuring land in Europe and Ontario? Governor Simcoe - Answer️️ -Who divided Ontario into counties in the 1700s? Townships - Answer️️ -Counties were divided into smaller parcels of land called _____________ Concessions - Answer️️ -Each township was divided into strips of land known as __________ ...

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Humber Real Estate - Course 4, Module 8: Showing Office, Retail or Industrial Properties and Advising on Properties of Interest Questions and Answers

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Humber Real Estate - Course 4, Module 8: Showing Office, Retail or Industrial Properties and Advising on Properties of Interest Questions and Answers - A return OF the investment - A return ON the investment Ideally, a buyer will achieve both forms of investment return to make a profit (rathe than simply breaking even through a return of the investment). - Answer️️ -What are the 2 types of returns? Mix of good or services - Answer️️ -Tenant mix refers to the ___________________...

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Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning Questions and Answers

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Humber Real Estate - Course 2, Module 3, Understanding Residential Property Types, Ownership and Planning Questions and Answers A self-contained housing unit with one or more habitable rooms containing at minimum a kitchen, bathroom facilities and an exit from the building. - Answer️️ -Define a 'Dwelling Unit' - A duplex is under single ownership (under 1 title) ... the dwelling units can then be lived in or rented out - The 2 dwelling units in a semi-detached structure are each o...

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