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The Ultimate Course 3 Checklist by Shiva Bakshi

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67 views3 pages

The Ultimate Course 3 Checklist by Shiva Bakshi

Uploaded by

young.poet.boy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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The Ultimate...

Course 3 Checklist
For the Ontario Humber Real Estate Course
2024

C3 Exam Info: MODULE 1


Most important Types of condominium corporations
modules: 7-9 Condo basics (styles, declaration, description,
3-hour exam governance)
115 MCQs Condo acts and authorities
0-2 math questions Condo board of directors vs. managers (licenses, rights,
(easy) and responsibilities)
Mainly condominium New condo buyer regulations (deposit, occupancy, APS,
focused cooling off period, common elements, pre-construction,
Many complex questions, assignments, subletting, etc.)
including NOT questions,
scenario-based MODULE 2
questions, and long- Basic considerations for condo’s (reserve funds, common
worded questions elements, status certificate)
Some repetition from Mortgage financing factors (special assessments, ratio’s,
previous courses etc.)
Some repetition module- Property valuations & appraisals (+CMA’s)
by-module
MODULE 3
Condo APS (OREA Form 101 - study unique terms and
conditions)
Condo + builder responsibilities (bylaws, occupancy,
deposits, warranties, etc.)
Conditions (true precedent, precedent, subsequent)
Additional forms (amendments, waivers, fulfillments)

www.shivabakshirealtor.com
MODULE 4
Additional Info:
Types of new constructions (rural and urban lots)
2 exam attempts or must Building permit process
repurchase course Speculative homes
$125 exam retake fee Working with a builder (builder APS, financing, services,
etc.)
Financing options for condo’s (progress draw, take-out,
construction loans, etc.)
Holdbacks and liens
Warranty coverage (including deposits and substitutions)
New home documents (PDI + CCP)

MODULE 5
Types of rural properties + considerations (e.g. services)
Land Severance vs Subdivision
Rural acts and authorities (road access act, endangered
species act, conservation authority, etc.)
Rural property owner rights (timber, mining, air, riparian)
Access to rural properties (public, private, country roads
and highways)
Shore road allowances (open, unopened, closed)
Types of wells
Permit requirements (shore roads, docks and boathouses,
dredging, etc.)
Defects (patent, latent, material latent)
Taxation + valuation of properties (e.g capital gains)
Rural property clauses

MODULE 6
Types of multi-unit dwellings + zoning requirements
Building Code (permits, fire code, electrical, etc.)
Valuation methods
Tenant requirements for multi-unit dwellings
Multi-unit dwellings clauses (inspection, retrofit, finance,
rental, etc.)

www.shivabakshirealtor.com
MODULE 7
Types of residential tenancy
Standard Form of Lease vs Agreement to Lease
Landlord vs tenant rights + responsibilities (termination
notices, prohibited actions, etc.)
Assignment vs Sublet
REBBA requirements (for landlords and tenants)
Occupancy standards (Toronto vs Ontario bylaws)
Tenant ledger rent roll
Furnished leasing vs short-term rentals

MODULE 8
Condominium lease ownership restrictions + costs
Condominium corporation rules + responsibilities
Landlord vs tenant rights + responsibilities
Types of property managers + responsibilities
Condominium property + tenant insurance
Condominium clauses (special assessment, status
certificate review, etc.)

MODULE 9
Agreement to Lease conditions + clauses
Rental application components
Amendments, waivers, notice of fulfillments

www.shivabakshirealtor.com

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