RECA Package Deal With Verified Study Solutions (Questions And Answers) Rated A+

1. Principal of Balance - Answer-value is created and sustained where there is equilibrium 10. Principal of Substitution - Answer-a buyer will pay no more for a property than the cost of acquiring a similar and equally desirable property 11. Principal of Contribution - Answer-value of a property ...

A township is divided into how many sections? - 36 - 1 mile by 1 mile condominium (condo) - form of ownership with the owners holding legal title to their own housing unit among many, with common grounds and facilities shared ownership cooperatives (co-ops) - -buildings owned by corporations with...

"Equity" meaning - The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property 2 reporting agencies in Canada that keep credit history data - Equifax Canada and TransUnion of Canada 2 rights of a lender (for ...

benefit of RPR to owner - .location of property boundary and improvement .measurement and distance of improvement .issue with property revealed .compliance with municipal requirement condominium plan - describe size, location, boundaries of land location of building plan number and unit number...

2 types of insurance required under condo corp property act - Liability, and insurance against perils AGM - must be held within 15 months of last. next board is elected, must give 2 weeks notice and provide, Financial statements for previous year, annual report of reserve fund, annual next year...

breach - .one party announce not perform .one party make it impossible to perform .failure to perform capacity issue - .intoxication/ substance impairment .incompetence .age .language case law - court interpreted legislation applying to specific set of facts common law - system of historical...

alberta real estate association - Answer-provincial member based organization representing the interests and concerns of albertas regional real estate boards BOMA of Canada - Answer-building owners and management association member based organization representing commercial real estate and proper...

3 options for who determine the RMS property size (this should be discussed with seller client) - Answer- 1. by the REP 2. by REP and the seller 3. By a qualified person engaged to do so 3 types of town houses - Answer-Row, stacked, cluster (cluster seem to be the same as 4plexes but maybe more t...

According to the Dower Act, what is NOT one of the criteria used to determine if Dower applies? - Answer-The property is mortgaged in the name of one party According to the Dower Act, which of the following would be considered disposition of the property?I. Selling the propertyII. Leasing the pro...

(New supply) At the macro level, assessing new supply can be obtained through various sources that report building starts and units under construction. These sources include the following: (x4) - Non-residential building starts are compiled by Statistics Canada on a quarterly basis. Investment is...

4 types of light pollution - -Urban sky glow -Light trespass -Glare -Light clutter Accessibility - -Individuals ability to access a building, move within and independence without barriers. IE Ramps, lifts elevators. Accrual accounting - Recognizes revenues and expenses when the transaction occ...

5 C's of Borrower Credit - Answer-Character, Capital, Capacity, Collateral, Credit 5 Ds of Role Clarity - Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Abandoned wells - Answer-- physical threat - allowing surface runoff to directly enter an aquifer - permitting cross contami...

1 year - If you don't renew your registration how long is it before you have to get a new criminal record check 10 - How many days does a condo management company have to provide a copy of management agreement upon receiving written request 10,000 for individual 100,000 for business - Max fine...