3 Credits

Course Description
Over the past 10 to 15 years, condominium apartments and town homes have grown considerably in importance in terms of the amount of business they now represent for many Ontario real estate salespeople. There are a number of important legal, financial, lifestyle, marketing and valuation differences between a condominium and a regular single family home. These differences can have an important impact on the salesperson dealing with clients who want to buy, sell, or lease a condominium.

Learning Objectives
This course addresses and deals with some of the more common questions, situations and problems that arise when dealing with a condominium buyer or seller.

  • Describe some of the key factors that impact the physical appeal of a condominium and how they affect value.
  • Identify the costs associated with ownership of a condominium and how they can affect value.
  • List some of the key issues that need to be addressed in an Agreement of Purchase and Sale when it comes to a condominium.
  • Describe some of the matters and events that only arise when buying a brand new condominium.
  • Identify what is involved in determining the financial condition of a condominium.
  • Recognize and describe some of the techniques used in valuing a condominium unit.
  • Describe how regulations and rules of a condominium can impact the life of a client.
  • Identify the possible restrictions on marketing and leasing a condominium unit.
  • Describe how to recognize whether a particular condominium building has been a good investment.
  • Determine some of the issues to be resolved before listing a condominium.
  • Demonstrate what must be done in order to protect the client buyer/seller.

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How to Enroll

  • Enroll online.
  • Call the OREA Real Estate College at 416-391-6732 or 1-866-411-6732.
  • Download the Enrollment Form and fax to: 416-445-2113 or
    Mail to 99 Duncan Mill Road, Don Mills, Ontario M3B 1Z2.
  • Enroll in person at the OREA Real Estate College, 99 Duncan Mill Road, Don Mills, Ontario M3B 1Z2.