An individual becomes a Real Estate Salesperson in Ontario when:

A Brokerage’s highest authority is:

Ella works for BCA and listed a property at 5.5% for $375,000 and was sold by Ted from the company MIA for $372,000. the office policy is always even for listing and selling. Ella is with 70/30 and again Ted with 80/20 so how much did the sales person receive in commission and how much in brokerages:

The cap rate of a income producing property is 13% and has an income of $42,000 so what is the value:

Wendy has mortgage payments of $1150 per month and has a car loan of $450 per month with taxes of $2400 per year. What will be his income if TDS is 42%

Kelly received $11,286.28 as 65% of BCA Realty Inc.’s 5.5% commission. The sales price of the house is:

Hank has a yearly gross income of $45,000 and is contemplating a property with annual taxes $1,450. Hanks maximum principal and interest payment permitted with a GDS ratio of 30% is :

When Holly of BCA Realty Inc received a commission of $9730 for selling her portion of 90% of the commission. The companies commission was 50% of the entire commission and total commission was 5.5% of the sale price. The sale price is:

The registration of documents under the land registration act is best described in which of statements below:

Ontario Planning Act main purpose is:

Jen is a salesperson and is at the home of a married couple Julie and Nick and is looking through legal documents to prepare to list their property. Jen notices which looking through the documents that the house is under the Julies name only. She explains that her husband is in business for himself, so he didnt want to go on the title and that he travels a lot and may not be available when offers on their property come in but explains it doesnt mater because she will not need his concern for the house sale. Is her statement correct:

On the ownership of a real property there are rights and limitations, which best describes these rights and restrictions:

A Benefit of reference plan is:

What is the error between metes and bounds descriptions in the following scenario:

A metes and bounds description of property that is rectangle is as follows-
Commencing at a point in the westerly limit of the road allowance, a distance of 210.45 ft is measured on a bearing of south 15 degrees 23 minutes, 37 seconds west along the westerly limit of the Merks road allowance from the north east corner of Merks lot 10:

a. Thence North 15 degrees, 23 minutes, 37 seconds. East along the Merks westerly limit of the road allowance a distance of a 193.35 ft more or less to the point of commencement
b. Thence North 74 degrees, 36 minutes, 23 seconds, West of a distance of 365.40 ft more or less to a point in the Merks westerly limit of the road allowance
c. Thence South 15 degrees, 23 minutes, 37 seconds, west a distance of 193.35 ft. totaling
d. Thence North 74 degrees, 36 minutes, 233 seconds, west a distance of 193.35 ft.

What is true about condominiums: