Course 3 Exam Overview
The instructor has previously discussed the full breakdown of Course 3 in another article. They believe that discussion still stands the test of time.
The instructor starts discussing the tricky worded questions that appear around the 3-minute point in the previous article, suggesting that students should check it out after reading this one. The instructor wrote that article 24 hours after completing Course 3. Humber Real Estate Course 3 Questions Download PDF...
Get Your Humber Real Estate Course 3 Questions Download PDF Study Materials Here: https://www.humberrealestate.net/
The instructor's mark for Course 3 did not reflect their confidence, as they had passed but received a lower mark than expected. Unlike Courses 1 and 2, where the instructor had the typical experience of thinking they had failed, for Course 3, they felt they had understood the material well.
To the instructor's dismay, Course 3 resulted in the worst mark they had yet received, despite their confidence in understanding the material.
Exam Preparation and Strategies
The course consists of 9 modules, with some modules containing a large number of lessons (up to 50+ slides).
Consider the total hours of the course and your reading speed to set an appropriate study schedule.
This article focuses on the exam itself and how to pass it.
The instructor will provide examples of questions on condos and leases, noting that understanding these topics is important to earn extra marks and pass the exam, even if students do not plan to work in those areas.
Condo Fees Calculation
Condo fees, also known as maintenance fees, are calculated based on the unit's size and the percentage of the building it occupies.
Larger units, such as penthouses, will incur higher condo fees compared to smaller units, such as first-floor units.
The percentage of the building assigned to a unit includes not just the occupied living area but also storage units, lockers, and parking spaces.
The owner of a penthouse, which is twice the size of a first-floor unit, will therefore pay double the condo fees.
Example Condo Question
The math questions on the exam, including the condo question, are relatively straightforward.
Understanding the condo question is beneficial not only for the exam but also for real-world application.
Calculating Condo Maintenance Fees
This section explains how to calculate the monthly maintenance fees for a condo unit based on the total maintenance budget and the unit's percentage of the total condo area.
The total annual maintenance budget for the condo corporation is $1.8 million.
The condo unit of interest occupies 0.2125% or 0.002125 of the total condo area.
To calculate the monthly fee, multiply the total maintenance budget ($1.8 million) by the unit's percentage of the total area (0.002125) to get the annual maintenance cost for that unit ($3,825).
Divide the annual maintenance cost ($3,825) by 12 to obtain the monthly maintenance fee ($318.75).
Math questions related to condo maintenance fees are not frequently encountered on the exam, but understanding this process is beneficial for real-life scenarios.
Residential Tenancies Act - Tenant Responsibilities
This section details the essential responsibilities a tenant has under the Residential Tenancies Act when occupying a rental unit. It is crucial for students to grasp these responsibilities to prevent legal issues or disputes with landlords.
Tenants have specific fundamental responsibilities under the Residential Tenancies Act.
These responsibilities are vital for maintaining the rental unit and avoiding conflicts with the landlord.
Responsibilities include keeping the unit clean to a standard that most would consider normal, repairing any damages caused by the tenant or their guests, and adhering to all provisions of their lease agreement.
It is important to carefully read each answer in "not" questions to identify the incorrect responsibility.
Responsibilities of Tenants Under the Residential Tenancies Act
Tenants are not held responsible for normal wear and tear on the unit over time.
Keeping the property in the same condition as when they received it at the time of vacancy is not a tenant's responsibility.
Understanding these types of questions is essential for success in exams related to this program.
Importance of Passing Courses
Failing courses can be frustrating, costly, and hinder one's progress in completing the program on schedule.
After completing Course 3, only Course 4 and two simulation sessions remain.
The simulation sessions can be completed in as short as a week each, depending on the schedule chosen.
Becoming a Licensed Real Estate Agent
With Course 4 and the two simulation sessions completed, it's possible to become a licensed real estate agent in as little as 5 weeks.
This enables you to start building a business around your new real estate license.
The instructor encourages reaching out with any questions, as they are available to respond via direct messages, email, or comments on the article.
Get Your Humber Real Estate Exam Study Materials Here: https://www.humberrealestate.net/
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