ABC Realty Inc. is representing a buyer for the first time and they would like to purchase a property listed for sale with XYZ Real Estate Ltd. What is the latest point in time the brokerage is required to complete an Individual Identification Information Record for the buyer? 5 a At the very latest, ABC Realty Inc. would verify the buyer's identity when the Working With a Realtor form is b Since the deposit will be held by the listing brokerage, the buyer's identity would be verified by XYZ Real b At the very latest, ABC Realty Inc. would verify the buyer's identity at the time a buyer representation signed. Estate Ltd. no later than when the deposit is received. agreement is signed. At the very latest, ABC Realty Inc. would verify the buyer's identity when the buyer signs an agreement of purchase and sale 6 Which of the following information could be obtained by a buyer's lawyer doing a title search of a property? a Compliance with the zoning bylaws. b The assessed value of a property c The residency status of the seller a property. 7 Harry and Sally are interested in renting a two bedroom apartment. The landlord has checked their references and is agreeable to a one year lease provided they give the landlord 12 postdated cheq According to the Residential Tenancies Act, which of the following statements best describes the legalityof this situation? A landlord can require a tenant to provide postdated cheques during the term of their lease, but may not 4-b If a tenant does not want to provide a last month's rent deposit, the landlord can demand postdated cheques dc A landlord cannot demand a tenant provide postdated cheques for their rent, but the landlord can require a A landlord may not put a stipulation in a tenant's lease that the rent be paid by a series of postdated require postdated cheques for a month to month tenancy instead of the deposit. automatic debit payments from an account. cheques or automatic debit payments from an account. John's permanent residence is a home located within a land lease community. What legislation would apply to the land lease community John lives in? 8 Residential Tenancies Act. b Co-operative Corporations Act. c Land Leasing and Tenancies Act. d Financial Services Commission of Ontario Act ABC Realty Inc. is representing a buyer for the first time and they would like to purchase a property listed for sale with XYZ Real Estate Ltd. What is the latest point in time the brokerage is required to complete an Individual Identification Information Record for the buyer? 5 a At the very latest, ABC Realty Inc. would verify the buyer's identity when the Working With a Realtor form is b Since the deposit will be held by the listing brokerage, the buyer's identity would be verified by XYZ Real b At the very latest, ABC Realty Inc. would verify the buyer's identity at the time a buyer representation signed. Estate Ltd. no later than when the deposit is received. agreement is signed. At the very latest, ABC Realty Inc. would verify the buyer's identity when the buyer signs an agreement of purchase and sale 6 Which of the following information could be obtained by a buyer's lawyer doing a title search of a property? a Compliance with the zoning bylaws. b The assessed value of a property c The residency status of the seller a property. 7 Harry and Sally are interested in renting a two bedroom apartment. The landlord has checked their references and is agreeable to a one year lease provided they give the landlord 12 postdated cheq According to the Residential Tenancies Act, which of the following statements best describes the legalityof this situation? A landlord can require a tenant to provide postdated cheques during the term of their lease, but may not 4-b If a tenant does not want to provide a last month's rent deposit, the landlord can demand postdated cheques dc A landlord cannot demand a tenant provide postdated cheques for their rent, but the landlord can require a A landlord may not put a stipulation in a tenant's lease that the rent be paid by a series of postdated require postdated cheques for a month to month tenancy instead of the deposit. automatic debit payments from an account. cheques or automatic debit payments from an account. John's permanent residence is a home located within a land lease community. What legislation would apply to the land lease community John lives in? 8 Residential Tenancies Act. b Co-operative Corporations Act. c Land Leasing and Tenancies Act. d Financial Services Commission of Ontario Act
