Key terms for Exam 1

Mandatory RECO-administered coverage that every broker and salesperson must join and pay for annually.

1Module 1 · Lesson 2

French-named written right to enter another's land and remove crops, timber, minerals or fish.

3Module 3 · Lesson 2

Brokerage check of whether its compliance program really works in practice, not merely exists, and where gaps lie.

6Module 6 · Lesson 11

Identifier formed from a block number and property number, used to retrieve a parcel online.

4Module 4 · Lesson 2

Directions the Minister issues on flood plains, wetlands and housing, with which planning bodies must be consistent.

6Module 6 · Lesson 7

Decision accepting a severance application subject to conditions the applicant must meet.

6Module 6 · Lesson 9

Searchable online listing of all current and former brokerages, brokers and salespersons.

2Module 2 · Lesson 2

Federal housing standard from the 1980s that exceeds building-code energy requirements and adds indoor air quality measures.

7Module 7 · Lesson 5

Body that administers TRESA for the province, registers brokerages and individuals, and enforces compliance.

1Module 1 · Lesson 1

Document explaining client benefits, self-representation risks and complaint steps, to be given and explained before services begin.

5Module 5 · Lesson 3

Not-for-profit body offering advanced education plus specialty designations such as FRI and CPM.

2Module 2 · Lesson 3

Deposited survey whose separate interests are each labelled as parts; needed for severance and first registration.

4Module 4 · Lesson 1

Identifier the TSSA issues after approving an underground tank application, given to the fuel distributor.

7Module 7 · Lesson 9

Agreed division of earnings from a trade between brokerage and salesperson, shown as two percentages.

1Module 1 · Lesson 5

Written, oral or implied arrangement under which a brokerage agrees to act for a person in a trade.

5Module 5 · Lesson 3

Court remedy that cancels an agreement and sets it aside.

6Module 6 · Lesson 3

Separate account at a regulated institution that pays for major repairs and replacement of shared components.

6Module 6 · Lesson 12

Binding obligation in a deed, registered on title, that bars certain uses of land, such as fence height.

3Module 3 · Lesson 2

Standing showing an accessory apartment was upgraded to current fire safety rules; sellers must disclose it.

7Module 7 · Lesson 7

Feature letting surviving co-owners take a deceased owner's share directly, bypassing the estate.

3Module 3 · Lesson 1

Government power, also called police power, behind zoning bylaws and building codes.

3Module 3 · Lesson 2

Common easement letting someone travel across another's land, often statutory, with entry allowed for utility repairs.

3Module 3 · Lesson 2

Timeshare form that expires after a set time and gives no stake in the property itself.

3Module 3 · Lesson 1

Capacity to motivate yourself and finish tasks while working independently.

1Module 1 · Lesson 3