HUMBER REAL ESTATE STUDY EXAMS GUIDE 2026
QUESTIONS AND ANSWERS SURE A+
✔✔Under REBBA, agreements of purchase and sale are referred tom as - ✔✔REBBA
refers to agreements of purchase and sale as Agreements for the Conveyance of an
Interest in Real Estate
✔✔A signed copy of an accepted agreement is provided immediately to the buyer party
only? - ✔✔a signed copy of an accepted agreement is provided immediately to all
parties to the agreement
✔✔Mortgagor is the legal term for? - ✔✔The borrower, the one who agrees to make
required payments until all required payments are made and the mortgage is
discharged. 'gives' the mortgage to the lender in exchange for the funds
✔✔the mortgagee is the legal term for - ✔✔the lender, the lender provides funds and
registers the mortgage on the property title
✔✔what is a mortgage - ✔✔it is a claim on the property as security for money borrowed.
mortgages are registered on title in the Land Registry Office
✔✔Mortgage and charge are two different things? - ✔✔FALSE, mortgage and charge
are synonymous terms.
✔✔the term mortgage originated with the land titles? - ✔✔FALSE, mortgage is used
under Registry and is the most common term used in the market place. the term charge
originated with land titles
✔✔what are the five property terms used? - ✔✔real estate, real property, personal
property, fixtures, chattels
✔✔real estate terms - ✔✔tangible land and improvements on the land (ex. buildings)
, ✔✔real property - ✔✔tangible land and improvements on the land plus ownership rights
✔✔personal property - ✔✔moveable property that isn't fixed permanently to one
location
✔✔fixtures - ✔✔permanently attached items that remain with the real property, unless
specifically excluded ex. chandelier
✔✔chattels - ✔✔unlike a fixture, a chattel is moveable. chattels are excluded from real
property unless specifically included ex. chest freezer
✔✔four terms referring to ownership? - ✔✔title, title search, deed, completion date
✔✔title in ownership refers to - ✔✔title refers to the legal ownership of land
✔✔title search refers to what in ownership - ✔✔process of investigating a property title
in registry of land titles to establish good and marketable title
✔✔deed refers to what in ownership - ✔✔a deed refers a document that proves legal
ownership of land.
✔✔a completion date is a term that refers to what in ownership - ✔✔a completion date
on which legal ownership is transferred.
✔✔a completion date can also be referred to as what? - ✔✔referred to as the closing
date
✔✔what are the five types of residential buildings - ✔✔bungalow, split entrance
bungalow, one and one-half storey, two storey, split-level
✔✔what does the term residential building refer to? - ✔✔a detached building that are
physically separate from adjacent structures
✔✔Bungalow building is constructed as - ✔✔A Bungalow is a residential building.
Primary living area on main floor. a ranch style bungalow is a stretch version of a
bungalow
✔✔A Split Entrance Bungalow building is constructed as - ✔✔A Split entrance
bungalow is a residential building. The entryway foyer with stairs to upper and lower
levels. This allows more light into the lower level
QUESTIONS AND ANSWERS SURE A+
✔✔Under REBBA, agreements of purchase and sale are referred tom as - ✔✔REBBA
refers to agreements of purchase and sale as Agreements for the Conveyance of an
Interest in Real Estate
✔✔A signed copy of an accepted agreement is provided immediately to the buyer party
only? - ✔✔a signed copy of an accepted agreement is provided immediately to all
parties to the agreement
✔✔Mortgagor is the legal term for? - ✔✔The borrower, the one who agrees to make
required payments until all required payments are made and the mortgage is
discharged. 'gives' the mortgage to the lender in exchange for the funds
✔✔the mortgagee is the legal term for - ✔✔the lender, the lender provides funds and
registers the mortgage on the property title
✔✔what is a mortgage - ✔✔it is a claim on the property as security for money borrowed.
mortgages are registered on title in the Land Registry Office
✔✔Mortgage and charge are two different things? - ✔✔FALSE, mortgage and charge
are synonymous terms.
✔✔the term mortgage originated with the land titles? - ✔✔FALSE, mortgage is used
under Registry and is the most common term used in the market place. the term charge
originated with land titles
✔✔what are the five property terms used? - ✔✔real estate, real property, personal
property, fixtures, chattels
✔✔real estate terms - ✔✔tangible land and improvements on the land (ex. buildings)
, ✔✔real property - ✔✔tangible land and improvements on the land plus ownership rights
✔✔personal property - ✔✔moveable property that isn't fixed permanently to one
location
✔✔fixtures - ✔✔permanently attached items that remain with the real property, unless
specifically excluded ex. chandelier
✔✔chattels - ✔✔unlike a fixture, a chattel is moveable. chattels are excluded from real
property unless specifically included ex. chest freezer
✔✔four terms referring to ownership? - ✔✔title, title search, deed, completion date
✔✔title in ownership refers to - ✔✔title refers to the legal ownership of land
✔✔title search refers to what in ownership - ✔✔process of investigating a property title
in registry of land titles to establish good and marketable title
✔✔deed refers to what in ownership - ✔✔a deed refers a document that proves legal
ownership of land.
✔✔a completion date is a term that refers to what in ownership - ✔✔a completion date
on which legal ownership is transferred.
✔✔a completion date can also be referred to as what? - ✔✔referred to as the closing
date
✔✔what are the five types of residential buildings - ✔✔bungalow, split entrance
bungalow, one and one-half storey, two storey, split-level
✔✔what does the term residential building refer to? - ✔✔a detached building that are
physically separate from adjacent structures
✔✔Bungalow building is constructed as - ✔✔A Bungalow is a residential building.
Primary living area on main floor. a ranch style bungalow is a stretch version of a
bungalow
✔✔A Split Entrance Bungalow building is constructed as - ✔✔A Split entrance
bungalow is a residential building. The entryway foyer with stairs to upper and lower
levels. This allows more light into the lower level
