HUMBER REAL ESTATE - COURSE 1, MODULE 2 QUESTIONS AND CORRECT ANSWERS VERIFIED LATEST GRADE A +

HUMBER REAL ESTATE - COURSE 1, MODULE 2 QUESTIONS AND CORRECT ANSWERS VERIFIED LATEST GRADE A +

What are the 2 types of offices a brokerage can have? -
CORRECT ANSWER>>>- Main brokerage office
- Branch office
Does every branch office require a Broker of Record? -
CORRECT ANSWER>>>No.
Only 1 Broker of Record is required for the main office only. Each
branch office is assigned its own Branch Manager to provide
supervision, compliance with REBBA & handle all record
management.
When a brokerage has a property for sale, what is the brokerage
identified as? - CORRECT ANSWER>>>The listing brokerage
When a brokerage is working with a buyer, what is the brokerage
identified as? - CORRECT ANSWER>>>The co-operating
brokerage
OR
The buyer's brokerage (when it's a private sale, because the
buyer's is the only brokerage listed in the agreement as the seller
doesn't have one)

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