Start practicing before you choose a plan.

protect consumers and enforce compliance in Ontario real estate trading promote one brokerage over another set municipal property tax rates approve home renovations

register with RECO after meeting education and other requirements join a municipal planning committee own a brokerage building obtain a mortgage broker licence

A registrant who assists buyers and sellers with most aspects of a transaction A land surveyor who defines legal boundaries A municipal assessor who sets tax value A contractor who estimates repairs

The brokerage The individual photographer The land registry office The municipal zoning department

act competently, honestly, and with reasonable skill and care guarantee the market will rise eliminate every business risk replace independent legal advice

Providing timely material information so the client can make an informed decision Keeping information from the client to avoid stress Pressuring the client to choose the highest-commission option Ignoring lawful instructions that are inconvenient

follow them unless doing so would breach the law or professional obligations ignore them if they reduce commission delay action indefinitely share them with competing buyers

the agent's duties to one party may be compromised by duties to another or by personal interest a property needs repairs the market is slow two offers are different in price

land and things permanently attached to it a mandatory municipal tax notice a brokerage advertising slogan a government grant for buyers

movable property not intended to form part of the land a mandatory municipal tax notice a brokerage advertising slogan a government grant for buyers

an item that was once personal property but is treated as part of the real property a mandatory municipal tax notice a brokerage advertising slogan a government grant for buyers

movable personal property that typically remains personal property a mandatory municipal tax notice a brokerage advertising slogan a government grant for buyers

ownership that is not limited to a landlord-tenant term a mandatory municipal tax notice a brokerage advertising slogan a government grant for buyers

a right to possess property for a fixed or periodic tenancy term a mandatory municipal tax notice a brokerage advertising slogan a government grant for buyers

the collection of legal rights associated with ownership, such as use and transfer a mandatory municipal tax notice a brokerage advertising slogan a government grant for buyers

the broadest private ownership interest recognized by law a temporary marketing plan a brokerage commission rebate an insurance endorsement

an interest that lasts for the life of a specified person a temporary marketing plan a brokerage commission rebate an insurance endorsement

co-ownership with a right of survivorship a temporary marketing plan a brokerage commission rebate an insurance endorsement

co-ownership without an automatic right of survivorship a temporary marketing plan a brokerage commission rebate an insurance endorsement

a non-possessory right to use another's land for a specific purpose a temporary marketing plan a brokerage commission rebate an insurance endorsement

a form of easement allowing passage over land a temporary marketing plan a brokerage commission rebate an insurance endorsement

a promise restricting certain uses of land a temporary marketing plan a brokerage commission rebate an insurance endorsement

a claim against property to secure payment of a debt or obligation a temporary marketing plan a brokerage commission rebate an insurance endorsement

an unauthorized physical intrusion onto another parcel a temporary marketing plan a brokerage commission rebate an insurance endorsement

a legal description using distances, directions, and monuments a type of brokerage commission a buyer rebate disclosure a home inspection defect

a legal description method commonly tied to registered plans a type of brokerage commission a buyer rebate disclosure a home inspection defect

a plan used to identify or illustrate parcels or parts of parcels a type of brokerage commission a buyer rebate disclosure a home inspection defect

a numerical identifier used in Ontario land registration records a type of brokerage commission a buyer rebate disclosure a home inspection defect

a registration system intended to show registered interests on title a type of brokerage commission a buyer rebate disclosure a home inspection defect

before services or assistance are offered only after closing only if there are competing offers only for commercial transactions

the Information and Disclosure to Self-represented Party form a mortgage discharge a survey certificate a title insurance policy

Before proceeding, each affected client must agree Only after the deal closes Only if the properties are commercial Never, if the brokerage is busy

the number of competing offers the exact contents of all competing offers automatically the seller's confidential minimum price every other buyer's financing details

some additional offer information, but the seller is not required to do so nothing, including the number of offers the buyer's commission rebate only the title search notes only

the seller directs the agent to share that content and the law permits it another buyer demands it the listing has been on the market for 30 days the agent wants to create urgency

a contract for services and representation between the consumer and the brokerage a title document a mortgage commitment a building permit

the brokerage the municipality the land registry office the home inspector

A person who is not represented by a brokerage in the transaction A broker of record A person represented by two brokerages at once A person who has already closed the deal

It introduces risks because the brokerage or designated representative cannot fully promote one client's interests over the other's It eliminates all conflicts automatically It is always better for the client It removes the need for written disclosure

Services should be provided without unlawful discrimination Clients may always be screened by protected grounds if a seller prefers it Advertising may exclude families if the unit is small Protected-ground questions are harmless if asked casually