Champion School Of Real Estate

What are the 5 types of properties a buyer might consider when choosing to build a new home? - A vacant urban lot - An infill redevelopment opportunity - An urban lot with structure - A vacant rural lot - A rural lot with structure What is the aim of "Intensification"? To provide additional housing stock by using existing services rather than developing vacant land in outlying areas that are not serviced. What is an 'Infill Redevelopment'? The process of developing vacan...

stocks a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings stock market the market in which shares of publicly held companies are issued and traded either through exchanges or over-the-counter markets public company a firm that has issued securities through an initial public offering (IPO) and is traded on at least one stock exchange or in the over-the-counter market common share a security...

A 'Patent Defect' is observable by the untrained eye. A 'Latent Defect' is not readily observable to the untrained eye during the reasonable inspection of a property. What is the difference between a 'Patent Defect' and a 'Latent Defect'? A material latent defect because it poses a serious risk that can render the home unsafe, unhealthy or otherwise uninhabitable to live it. What is the most severe type of latent defect? - Real estate boards - Subscription-based datab...

The rate at which space is leased or occupied over a specific time period, such as monthly, quarterly or yearly. What is the Absorption Rate? - Because it's a more accurate measure - It's the total office space leased less space vacated during the period under analyses Why do analysts prefer to use net absorption rate? The unleased or unoccupied area of an office space as a percentage of total office space for a specific period. It's usually quoted as a percentage of total...

- Date and time of the request - Consumer's name and contact information - Applicable 10-digit phone number(s) A brokerage, as a telemarketer, must register with the National Do Not Call List (DNCL) but also maintain an internal do not call list. What should the internal do not call list contain? A minimum of 3 years How long must numbers recorded on the internal Do Not Call List be kept? If the person ... - Made an inquiry within the last six months - Purchased, leased or r...

- Brick veneer wall - Brick masonry wall - Vinyl siding - Metal siding - Wood siding - Stone - Stucco What are the materials used for exterior wall finishes? - Composed of a single external layer of brick (known in construction as a wythe) and an inner frame most often made of wood. The inner-frame is the load-bearing component, not the brick. - Popular with homebuyers, this material has been the most common exterior wall finish used in Ontario by builders for single-family home...

Are you already working with a salesperson? If someone calls you about a listing, what is the first question you should be asking them? Many brokerages divide up the office hours in half-day or three hour increments where a designated salesperson must be on duty in the office, to service phone calls or walk-in people with inquiries. What is 'Duty Time'? False. There is no obligation to do this. Arrangements vary depending on brokerage. True or false? Brokerages are obligated ...

Comparative Market Analysis What does CMA stand for? - The Appraisal Institute of Canada (AIC) - The Canadian National Association of Real Estate Appraisers 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 Institute (...

The Salesperson can obtain information and verify using the following sources: - listing data sheet, including by contacting the listing Salesperson - various source documents, such as a deed, survey - seller's disclosure document regarding property conditions - seller's pre-listing home inspection, if available - online information available from the municipality When preparing the "offer plan" before drafting the offer, how information can be obtained and verified by the Salesperson?...

An arrangement typically involving an owner of land agreeing to build a structure of a size, quality of construction and overall appearance in accordance with requirements of a specific tenant. The owner, as landlord, then leases the completed structure to that tenant. What is a 'Design Build Arrangement'? Seller's market Note: Ease of financing at attractive rates is also an important element in the growth of design build activity. Conversely, such activity is dramatically redu...