1	Real Estate Council of Ontario		_____	can be registered as a corporation, partnership, or sole proprietorship
2	Ontario Real Estate Association		_____	a business owned by one individual
3	Canadian Real Estate Association		_____	a separate legal entity that is created under law through the registration of "articles of incorporation"
4	Local Real Estate Boards		_____	an individual (or company) who is authorized to represent an individual in contract negotiations with a 3rd party
5	Real estate purchases are good for the economy and are said to		_____	The agent pays fees to the brokerage
6	A condominium refers to a		_____	the commission is shared between the brokerages
7	Commercial sales		_____	a designate of RECO
8	Property management		_____	listing agreement
9	Franchise brokerage		_____	Educates real estate appraisers and grants the professional designation of CRA
10	Independant brokerage		_____	involves determining the buyers' wants and needs, and then showing them potential homes available for sale
11	Full service brokerages		_____	normally well known across the country as they have many offices
12	Limited service brokerages		_____	type of land ownership where each individual owns their own unit and share ownership of "common" elements
13	If a brokerage is part of organized real estate,		_____	the brokerage pays most of the listing and marketing fees, and receives a large percentage of the commission
14	Appraisal Institute of Canada		_____	conditions
15	The term "Agent" refers to:		_____	offers it's own unique advantages, particularly if they are well-known in your market area
16	Brokerage		_____	provide a narrower scope of services but typically charge a lower commission rate than full service brokerages
17	Corporation		_____	double-ending the deal
18	Partnership		_____	involves searching for qualified buyers for the listed property
19	Sole proprietorship		_____	is responsible for regulating members and enforcing REBBA 2002
20	Sometimes, the salesperson both lists the property and finds the purchaser. This is referred to as:		_____	all of it's brokers and salespersons must also be members
21	Prospecting		_____	lobbyist for the industry
22	Qualifying & showing		_____	provide a wider range of services to their clients, but typically charge a higher commission rate than a limited service brokerage
23	Offer Preparation		_____	Once a potential buyer finds a property he would like to purchase, a written offer is made
24	An accepted agreement often has some		_____	involves two or more individuals that pool their resources to form a company
25	The method of remuneration is stipulated in the		_____	traditionally referred to as ICI (Industrial, commercial & investment)
26	When two brokerages are involved,		_____	create a ripple effect
27	Conventional plan		_____	duties include: keeping the property leased, collecting rent payments, and maintenance
28	Desk fee plan		_____	granted permission to use the trademark "MLS", which is owned by CREA