Key terms for Exam 1

Entitlement to use the space over land, as for bridge approaches or a building above a rail line.

3Module 3 · Lesson 1

Federal regulator that creates and oversees the rules behind the national list blocking telemarketing calls.

7Module 7 · Lesson 1

Movable personal property that stays with the seller unless the agreement of purchase and sale says otherwise.

2Module 2 · Lesson 1

Principle-based rules under TRESA setting out expected professional behaviour and explicitly banned conduct.

5Module 5 · Lesson 1

Electronic communication encouraging participation in commercial activity, whether or not profit is expected.

7Module 7 · Lesson 1

Strip of a township numbered in Roman numerals, historically 100 chains across.

4Module 4 · Lesson 1

Situation in which two or more people hold title to the same property at the same time.

3Module 3 · Lesson 1

Situation where a salesperson's own position may clash with a client's, needing disclosure, advice and written consent.

5Module 5 · Lesson 1

TRESA regulation dealing with technical rules on advertising, agreements, disclosures and registration conditions.

1Module 1 · Lesson 1

Behaving reasonably, avoiding harm to any party, and steering clear of abusive or arbitrary conduct.

5Module 5 · Lesson 1

Sixty-six-foot measuring device of 100 links, introduced in 1620 and used in Ontario's first surveys.

4Module 4 · Lesson 1

A brokerage's own record of people who said they want no more solicitation calls or faxes from it.

7Module 7 · Lesson 1

Rule that an agreement binds, and can be enforced by, only the people who are parties to it.

6Module 6 · Lesson 1

Person seeking a salesperson's services who has no representation agreement in place yet.

2Module 2 · Lesson 1

Umbrella label in TRESA covering brokerages, brokers and salespersons alike.

1Module 1 · Lesson 1

Public strip separating concessions, sometimes marking every fifth lot, kept as public land even if never built up.

4Module 4 · Lesson 1

Someone in a trade who has chosen to proceed without a brokerage's services, opinions or advice.

2Module 2 · Lesson 1

Law requiring land sale and lease agreements to be written and signed to be enforceable.

6Module 6 · Lesson 1

Land entitlements other than mining ones; the holder can be identified by a title search.

3Module 3 · Lesson 1

Activity of dealing in property interests for others, such as listing, showing a home or negotiating an offer.

1Module 1 · Lesson 1

Law that builds standard rights and duties, such as a 30-day title objection period, into every sale agreement.

6Module 6 · Lesson 1

Fuel container installed at or above ground level, whether inside a building or within secondary containment.

7Module 7 · Lesson 9

Interviewing technique of showing, through your responses, that you understood what was said.

1Module 1 · Lesson 3

Original price paid for a property plus legal fees and the cost of improvements.

7Module 7 · Lesson 2