Real Estate Humber Course 1 Exam
Questions and Answers
who is responsible for tresa? - answer-the ministry of public and business service
what is a registrant? - answer-any individual or brokerage registered to trade in real
estate
what are the 3 obligations of the code of ethics? - answer-fairness and honesty,
conscientious and competent service, services from others
what does reco stand for? - answer-real estate council of ontario
how long do you have to complete ur education requirements? - answer-2 years
how long do you have to find work after ur final exam - answer-12 months
whats a sellers market - answer-when there are more buyers than properties
whats a buyers market - answer-when there are more properties than buyers
whats a balanced market - answer-when the amount of buyers and properties is
equal
trading or not trading: conversing with a prospective seller regarding the intent to list
a sale for property in the future - answer-trading
trading or not trading: hosting an open house for another salesperson - answer-
trading
trading or not trading: posting a weekly blog that talks about marketing and other real
estate topics - answer-trading
trading or not trading: providing advice to a long term neighbour who has been
contemplating selling in an attempt to secure a future listing - answer-trading
what is a landlord/lessor - answer-any individual or corporation who leases property
to another individual
what is a tenant - answer-someone who leases someone else's land
whats the difference between a broker and a salesperson - answer-a broker is
defined as an individual registered under rebba to trade in real estate and a
salesperson is referenced in a transaction based on their role in the transaction
Questions and Answers
who is responsible for tresa? - answer-the ministry of public and business service
what is a registrant? - answer-any individual or brokerage registered to trade in real
estate
what are the 3 obligations of the code of ethics? - answer-fairness and honesty,
conscientious and competent service, services from others
what does reco stand for? - answer-real estate council of ontario
how long do you have to complete ur education requirements? - answer-2 years
how long do you have to find work after ur final exam - answer-12 months
whats a sellers market - answer-when there are more buyers than properties
whats a buyers market - answer-when there are more properties than buyers
whats a balanced market - answer-when the amount of buyers and properties is
equal
trading or not trading: conversing with a prospective seller regarding the intent to list
a sale for property in the future - answer-trading
trading or not trading: hosting an open house for another salesperson - answer-
trading
trading or not trading: posting a weekly blog that talks about marketing and other real
estate topics - answer-trading
trading or not trading: providing advice to a long term neighbour who has been
contemplating selling in an attempt to secure a future listing - answer-trading
what is a landlord/lessor - answer-any individual or corporation who leases property
to another individual
what is a tenant - answer-someone who leases someone else's land
whats the difference between a broker and a salesperson - answer-a broker is
defined as an individual registered under rebba to trade in real estate and a
salesperson is referenced in a transaction based on their role in the transaction
