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RECA RESIDENTIAL EXAM UNIT 7 ACTUAL EXAM REAL 250 QUESTIONS AND DETAILED ANSWERS
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RECA RESIDENTIAL EXAM UNIT 7 ACTUAL EXAM REAL 250 QUESTIONS AND DETAILED ANSWERS
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RECA RESIDENTIAL EXAM UNIT 7 ACTUALEXAM REAL 250 QUESTIONS AND
DETAILED ANSWERS AGRADE LATEST 2024
VERIFIED.
under which Act/Law are all Alberta municipalities empowered
to shape their communities? - ANSWER >>>>MGA - The
Municipal Government Act
Which department is responsible for administration of the
MGA? - ANSWER >>>>Municipal Affairs is the department
responsible for administering the Municipal Government Act
MGA contains 3 key topics - ANSWER >>>>1. Assessment
and Taxation 2. Governance and Administration 3. Planning
and Development
When was the first (MGA) Municipal Government Act
created? - ANSWER >>>>in 1968, various pieces of
municipal legislation were consolidated into the first MGA
3 types of municipalities - ANSWER >>>>in general Urban,
Rural, Specialized. Other categories of governance include
Special area, Metis settlements and Indigenous servers.
population needed to qualify as a city - ANSWER >>>>10,000
Who governs cities? - ANSWER >>>>A mayor, elected at
large, and an even number of Councillors or alderpersons
,govern cities. To avoid tie votes, there should always be an
odd number of people on council.
How many cities in Alberta? - ANSWER >>>>18
How many people and what percentage of the people of
Alberta live in cities? - ANSWER >>>>2,839,822 people
represent approximately 68% of the total population
Min. people needed to make a town - ANSWER >>>>1000
Who governs a town? - ANSWER >>>>a mayor and six
councillors (unless otherwise specified)
Min. people needed to make a village - ANSWER >>>>300
Who governs a village? - ANSWER >>>>3 councillors, one of
whom is the mayor
what are the municipal provisions for summer villages? -
ANSWER >>>>Same as villages, but summer village
elections and annual meetings must be in the summer, plus
only type of municipality where a person can vote twice in
municipal elections. once in the summer village and once in
the municipality where their permanent residence is.
Min. people needed to make a Hamlet - ANSWER >>>>5 or
more
What is a specialized Municipality? - ANSWER >>>>unique
structures formed without resorting to a special Act of the
Legislature. Allow urban and rural communities to coexist in a
single municipal government.
,5 specialized municipalities in Alberta - ANSWER
>>>>Crowsnest, Jasper, and Wood Buffalo, Counties of
Strathcona and Mackenzie
How is a bare land condominium defined? - ANSWER
>>>>By the size of the lot the building sits on. A RPR
identifies lot boundaries. The area within the boundary of the
RPR, including structure, landscaping and garage, are owned
by the unit owner. Areas outside the RPR boundaries are
common property and owned by all unit owners
What is Fractional Ownership - ANSWER >>>>owning 1/4 to
1/13th of a property with other individuals
What is a HOA? - ANSWER >>>>A home ownership
association is typically registered on a fee simple title. Each
property located within the HOA development or community
has a separate title with a HOA caveat registered against it.
mandatory membership and is based on each residence
being part of a specific development or community. Usually
requiring the owner to pay an annual or monthly HOA fee.
How to know the difference between a condominium and a
Home Ownership Association (HOA)? - ANSWER >>>>For
an HOA a caveat is recorded on the title
For Time Shares, what is the difference between Fee Simple
Ownership and Right-to-use ownership? - ANSWER >>>>Fee
simple means they own the portion/weeks until they sell their
ownership/or transfer it to another party. Right-to-use is for a
set number of years ranging from 15 to 50 years.
, How do you find out if a property is a condominium? -
ANSWER >>>>Must search the certificate of title
3 types of Condominium Plans - ANSWER
>>>>Conventional, Bare land and Barely Blended
Condominium Plans - Conventional - ANSWER >>>>In a
Conventional Condominium Plan, units are defined spaces
within a structure. The interior finish on floors, walls, and
ceilings, unless otherwise stipulated in the Legend on the
Plan, distinguish the boundaries for units. Unit boundaries for
Conventional Condominium Plans registered prior to January
1, 1979, are considered to lie in the centre of floors, walls, and
ceilings. All areas not included in the units are considered as
part of the common property.
Condominium Plans - Bare land - ANSWER >>>>In a Bare
Land Condominium Plan, units are parcels of land. The
boundaries for each unit within a bare land condominium plan
are defined by the width and depth of each parcel of land.
They are identified using survey monuments (e.g. steel pins,
wooden stakes) placed on or under the ground. Although
improvements (e.g. buildings, fences, roadways) may be
added later, the boundaries for units remain as the width and
depth of each parcel of land as defined in the Condominium
Plan. Unit owners of bare land condominiums possess and
are responsible for all improvements fully or partly affixed to
the land. There may be rules or bylaws governing these
improvements. An associate should ensure that the buyer is
aware of and understands the condominium corporation's
bylaws and any rules. This is usually contained in the
condominium documents provided by the seller. Bare Land
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