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Chapter 1 – Fundamentals of Law 13
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Lecture1.1
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Lecture1.201 hour
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Lecture1.3
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Lecture1.406 min
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Lecture1.506 min
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Lecture1.604 min
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Lecture1.705 min
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Lecture1.806 min
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Lecture1.910 min
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Quiz1.110 questions
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Quiz1.26 questions
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Quiz1.37 questions
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Quiz1.49 questions
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Chapter 2 - The Real Estate Services Act 17
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Lecture2.1
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Lecture2.201 hour
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Lecture2.308 min
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Lecture2.414 min
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Lecture2.506 min
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Lecture2.614 min
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Lecture2.711 min
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Lecture2.813 min
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Lecture2.916 min
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Lecture2.1013 min
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Lecture2.11
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Lecture2.1215 min
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Quiz2.110 questions
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Quiz2.212 questions
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Quiz2.38 questions
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Quiz2.412 questions
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Quiz2.511 questions
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Chapter 3 – What the Purchaser Buys: Estate and Interests in Land 12
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Lecture3.1
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Lecture3.201 hour
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Lecture3.311 min
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Lecture3.411 min
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Lecture3.512 min
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Lecture3.608 min
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Lecture3.720 min
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Quiz3.110 questions
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Quiz3.210 questions
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Quiz3.310 questions
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Quiz3.410 questions
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Quiz3.514 questions
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Chapter 4 – The Subdivision of Land and Title Registration in BC 13
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Lecture4.1
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Lecture4.201 hour
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Lecture4.314 min
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Lecture4.411 min
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Lecture4.502 min
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Lecture4.607 min
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Lecture4.707 min
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Lecture4.806 min
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Lecture4.920 min
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Quiz4.18 questions
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Quiz4.28 questions
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Quiz4.311 questions
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Quiz4.46 questions
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Chapter 5 – The Professional Liability of Real Estate Licensees 16
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Lecture5.1
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Lecture5.2
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Lecture5.307 min
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Lecture5.412 min
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Lecture5.508 min
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Lecture5.607 min
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Lecture5.706 min
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Lecture5.804 min
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Lecture5.912 min
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Lecture5.1003 min
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Lecture5.1120 min
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Quiz5.18 questions
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Quiz5.29 questions
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Quiz5.39 questions
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Quiz5.49 questions
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Quiz5.520 questions
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Chapter 6 – Commercial and Residential Tenancies 17
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Lecture6.1
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Lecture6.2
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Lecture6.3
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Lecture6.4
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Lecture6.5
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Lecture6.6
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Lecture6.7
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Lecture6.8
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Lecture6.9
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Lecture6.10
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Lecture6.11
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Lecture6.12
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Quiz6.112 questions
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Quiz6.212 questions
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Quiz6.310 questions
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Quiz6.49 questions
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Quiz6.511 questions
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Chapter 7 – Strata Properties (Condominiums) and Cooperatives in BC 16
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Lecture7.102 min
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Lecture7.201 hour
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Lecture7.304 min
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Lecture7.406 min
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Lecture7.509 min
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Lecture7.604 min
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Lecture7.711 min
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Lecture7.810 min
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Lecture7.905 min
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Lecture7.1007 min
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Lecture7.1107 min
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Lecture7.1220 min
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Quiz7.19 questions
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Quiz7.210 questions
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Quiz7.38 questions
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Quiz7.49 questions
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Chapter 8 – Financial Statements 12
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Lecture8.102 min
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Lecture8.201 hour
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Lecture8.312 min
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Lecture8.414 min
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Lecture8.512 min
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Lecture8.620 min
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Quiz8.112 questions
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Quiz8.212 questions
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Quiz8.39 questions
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Quiz8.411 questions
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Quiz8.510 questions
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Quiz8.620 questions
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Chapter 9 – Professionalism and Ethics 8
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Lecture9.102 min
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Lecture9.201 hour
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Lecture9.317 min
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Lecture9.409 min
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Lecture9.512 min
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Lecture9.620 min
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Quiz9.17 questions
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Quiz9.217 questions
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Chapter 10 – The Law of Contract 13
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Lecture10.102 min
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Lecture10.201 hour
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Lecture10.314 min
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Lecture10.412 min
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Lecture10.505 min
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Lecture10.607 min
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Lecture10.720 min
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Quiz10.18 questions
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Quiz10.210 questions
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Quiz10.311 questions
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Quiz10.411 questions
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Quiz10.510 questions
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Quiz10.620 questions
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Chapter 11 – Contracts for Real Estate Transactions 13
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Lecture11.1
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Lecture11.2
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Lecture11.314 min
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Lecture11.412 min
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Lecture11.503 min
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Lecture11.611 min
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Lecture11.708 min
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Lecture11.820 min
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Quiz11.110 questions
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Quiz11.29 questions
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Quiz11.39 questions
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Quiz11.411 questions
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Quiz11.59 questions
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Chapter 12 – Law of Agency 13
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Lecture12.102 min
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Lecture12.2
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Lecture12.308 min
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Lecture12.412 min
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Lecture12.512 min
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Lecture12.609 min
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Lecture12.720 min
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Quiz12.19 questions
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Quiz12.210 questions
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Quiz12.38 questions
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Quiz12.410 questions
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Quiz12.511 questions
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Quiz12.611 questions
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Chapter 18 – Local Government Law 8
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Lecture13.102 min
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Lecture13.201 hour
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Lecture13.311 min
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Lecture13.412 min
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Lecture13.520 min
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Quiz13.110 questions
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Quiz13.210 questions
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Quiz13.39 questions
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Chapter 19 – Taxes on Real Property 9
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Lecture14.102 min
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Lecture14.201 hour
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Lecture14.311 min
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Lecture14.408 min
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Lecture14.513 min
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Lecture14.6
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Quiz14.112 questions
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Quiz14.213 questions
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Quiz14.38 questions
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Chapter 20 – Building Design and Construction 11
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Lecture15.1
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Lecture15.201 hour
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Lecture15.312 min
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Lecture15.414 min
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Lecture15.512 min
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Lecture15.606 min
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Lecture15.720 min
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Quiz15.18 questions
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Quiz15.28 questions
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Quiz15.39 questions
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Quiz15.420 questions
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Chapter 21 – Introduction to Real Estate Appraisal 14
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Lecture16.102 min
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Lecture16.201 hour
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Lecture16.311 min
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Lecture16.409 min
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Lecture16.508 min
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Lecture16.612 min
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Lecture16.712 min
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Lecture16.820 min
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Quiz16.19 questions
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Quiz16.210 questions
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Quiz16.312 questions
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Quiz16.410 questions
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Quiz16.511 questions
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Quiz16.620 questions
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Chapter 22 – Direct Comparison (Comparative) and Cost Approaches of Appraisal 13
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Lecture17.102 min
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Lecture17.201 hour
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Lecture17.312 min
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Lecture17.412 min
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Lecture17.515 min
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Lecture17.6
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Quiz17.19 questions
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Quiz17.210 questions
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Quiz17.38 questions
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Quiz17.48 questions
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Quiz17.59 questions
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Quiz17.610 questions
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Quiz17.720 questions
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Chapter 23 – The Income or Investment Approach of Appraisal 10
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Lecture18.102 min
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Lecture18.201 hour
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Lecture18.308 min
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Lecture18.411 min
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Lecture18.512 min
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Lecture18.620 min
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Quiz18.110 questions
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Quiz18.28 questions
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Quiz18.310 questions
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Quiz18.420 questions
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Chapter 24 – From Contract to Completion 14
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Lecture19.102 min
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Lecture19.201 hour
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Lecture19.306 min
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Lecture19.411 min
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Lecture19.514 min
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Lecture19.611 min
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Lecture19.718 min
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Lecture19.824 min
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Lecture19.924 min
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Lecture19.1020 min
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Quiz19.113 questions
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Quiz19.214 questions
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Quiz19.315 questions
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Quiz19.420 questions
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Chapter 25 – Introduction to Marketing 10
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Lecture20.102 min
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Lecture20.2
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Lecture20.311 min
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Lecture20.408 min
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Lecture20.513 min
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Lecture20.614 min
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Lecture20.720 min
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Quiz20.17 questions
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Quiz20.26 questions
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Quiz20.314 questions
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Chapter 26 – Technology and the Real Estate Licensee 11
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Lecture21.102 min
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Lecture21.201 hour 30 min
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Lecture21.307 min
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Lecture21.411 min
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Lecture21.509 min
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Lecture21.604 min
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Lecture21.720 min
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Quiz21.110 questions
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Quiz21.28 questions
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Quiz21.38 questions
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Quiz21.46 questions
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Rights and Obligations
The courts of law are not the best place to attempt to resolve disputes between Landlords and Tenants. The Residential Tenancy Act states that the courts must not exercise any jurisdiction on matters related to a tenancy unless the amount being claimed is more than the limit for claims in small claims court, or if the dispute is considerably linked to a matter currently being looked at by the Supreme Court.
They are instead settled between Arbitrators and Mediators of the Residential Tenancy Branch (RTB). These Arbitrators settle all levels of disputes, disputes that pertain to rights, and obligations of the terms of the residential tenancy agreements.
Arbitrators have to address each case and see what is the best course of action, whether to hold a hearing or where the matter is considered frivolous then they can deny the hearing and the dispute. If continuing with a hearing, they hear all the issues of the dispute and make a decision based on facts and evidence. The Arbitrator must in 30 days, give the decision to all parties involved in writing. That decision is then final and binding and will be enforced.
Example of the process:
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A tenant makes a complaint to the Residential Tenancy Branch about the fact that their landlord hasn’t fixed the back stairs and she has asked him several times in writing. She needs this done due to the fact that it’s a safety issue for her children.
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Landlord is notified of the complaint from the Residential Tenancy Branch.
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Landlord disputes the claim and says the tenant only asked him once and that he will get around to fixing the issue.
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Tenant provides the Resident Tenancy Branch Arbitrator copies of all 6 letters and emails the tenant has sent to the landlord requesting the work to be done.
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RTB Arbitrator holds a hearing where both the landlord and tenant are present. Hears both sides and tries to get all the facts. Hearing is adjourned.
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Due to the evidence, the RTB Arbitrator makes the binding decision that the landlord must fix the back stairs within 60 days or further court involvement and possible fines will be placed.
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Landlord receives the decision from the RTB arbitrator in writing within 30 days of the hearing. He is now obligated by law to make the repairs.
Assign – The transfer of all interests to the original signed lease to a new party.
Sublet – Where the original tenant grants the 3rd party interest to rent out a portion of the dwelling under their lease. This must be for a shorter term than that granted to the original tenant.
In a Commercial Tenancy, unless it is expressly forbidden, tenants are able to sub-lease or assign their rights without the consent of the landlord.
However, in a residential tenancy, a tenant cannot sublet or assign their rights under the lease unless the Landlord agrees in writing. The Landlord may not unreasonably deny this request if requested by a tenant with a fixed-term tenancy of 6 months or more.
Reducing of Suffering for Landlords
Residential: To Mitigate Damages
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It is the express duty of the residential landlord to enter premises and attempt to mitigate his losses by re-renting the premises as soon as possible. This is done when the tenant has moved out before the end of the lease or without expressly letting the landlord know.
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Residential Tenancy does not have the remedy of Distress, that remedy was abolished by the Residential Tenancy Act and is only available for Commercial Tenancies.
Commercial: Mitigation & Distress
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A commercial landlord is not obligated to re-enter the property and re-rent. Instead, he can sue for each month the property is empty. However if the Landlord chooses the option to enter the premises and try to re-rent it, they, therefore, surrender the lease and loses any “claim” they may have for suing the party that breached the lease agreement.
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If one party breaches a contract, a landlord’s best remedy to reduce loss is the remedy of Distress. This is when the landlord seizes the tenant’s goods and sells them to regain the capital that they have lost. They may only seize and sell to collect to regain the capital they are owed.