Quiz

A little bit of Knowledge will save you Thousands

Step 1 of 10

10%

How many REALTORS® are in Canada?*
- 12,500
- 125,000
- 50,000
TIP: Listings are updated and are available to ALL Licenced Agents in Canada.

What does the MLS® stand for?*
- Multiple Listing Sales
- Many Listing Service
- Multiple Listing Service® System
TIP: The MLS® System should always have a trade mark.

Which website the number one real estate website in CANADA?
- Realtor.ca
- REW.ca
- Craigslist
TIP: 80% of sales use the services of a REALTOR®

According to CREA (Candian Real Estate Association), how many views did the MLS® System have in 2017?
- 264 Million
- 5.3 Billion !!!
- 72 Million
TIP: The amount is massive 🙂

The only way to list your property on the MLS® is through the services of a REALTOR®?
- False
- True
TIP: To ensure the quality and compliance a professional should be responsible for the data shared.

Price: Determining how to price your home?
- Depends on what your neighbors property sold for?
- Interest rates, Government Regulations, condition of the property
- Conditions of your home
- All of the above
TIP: The more information the better.

Who pays the REALTOR®?
- The Buyer
- The Vendor (Seller)
TIP: the commision funds come from the proceed of the sale. The Seller determines the commission.

Is there GST paid on the Commission ?
- True
- False
Hint: the government gets their share.

Who pays the Purchase Property Tax (PPT)?
- The Buyer
- The Seller (Vendor)
- The Buyer and Seller
When a property is SOLD in BC - there is a property transfer tax.

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