Exam (elaborations) Quiz Review Questions with Correct Answers Exam (elaborations) RECA - Fundamentals Study Guide Unit 8 Questions and Answers Exam (elaborations) RECA 250 Pardee Quiz 3 Questions and Answers Exam (elaborations) RECA 250 Quiz 1 REVIEW Exam Questions with Correct Answers Ex...
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What are the two types of laws? - Answer-Statute law: Federal or Provincial law Common law: Laws based on previous decisions on similar matters When you make an agreement/contract with a client is that agreement with you or the brokerage? - Answer-it is not with you, it is with the brokerage ...
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Add to cartWhat are the two types of laws? - Answer-Statute law: Federal or Provincial law Common law: Laws based on previous decisions on similar matters When you make an agreement/contract with a client is that agreement with you or the brokerage? - Answer-it is not with you, it is with the brokerage ...
Define real estate - Answer-refers to land and fixed improvements to land (permanent) What are the building classifications - Answer- Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - Answer-Residential commercial rural property manageme...
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Add to cartDefine real estate - Answer-refers to land and fixed improvements to land (permanent) What are the building classifications - Answer- Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - Answer-Residential commercial rural property manageme...
General Power of Attorney - Answer--No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney - Answer--H...
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Add to cartGeneral Power of Attorney - Answer--No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney - Answer--H...
Land surveying - Answer-.survey of land determine or establish boundaries .boundaries of any right or interest in land or in air .survey of air space .location of anything relative to boundary .survey of lakes, rivers, watercourses preparing maps, plans, and documents .network of points .givi...
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Add to cartLand surveying - Answer-.survey of land determine or establish boundaries .boundaries of any right or interest in land or in air .survey of air space .location of anything relative to boundary .survey of lakes, rivers, watercourses preparing maps, plans, and documents .network of points .givi...
statutes law - Answer-legislation or regulations enact within jurisdiction typically municipal, provincial or federal level case law - Answer-court interpreted legislation applying to specific set of facts common law - Answer-system of historical customs and accumulated court decisions evolv...
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Add to cartstatutes law - Answer-legislation or regulations enact within jurisdiction typically municipal, provincial or federal level case law - Answer-court interpreted legislation applying to specific set of facts common law - Answer-system of historical customs and accumulated court decisions evolv...
Real Estate Act - Answer-provincial legislation regulating real estate, mortgage brokerage, real estate appraisal Act components - Answer-the Act by Minister of Service The Rule by Council The Regulation by Minister The Bylaw by Council Act parts - Answer-part 1 - RECA part 2 - Regulation...
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Add to cartReal Estate Act - Answer-provincial legislation regulating real estate, mortgage brokerage, real estate appraisal Act components - Answer-the Act by Minister of Service The Rule by Council The Regulation by Minister The Bylaw by Council Act parts - Answer-part 1 - RECA part 2 - Regulation...
Structure - Roof - Answer--Transfers roof loads to rafters, trusses and joists - Ultimately transfers loads to bearing walls and framing -Roof covering protects the roof sheathing Structure - Framing/floors - Answer--Balloon or platform construction -Floor provides continuous pad for fra...
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Add to cartStructure - Roof - Answer--Transfers roof loads to rafters, trusses and joists - Ultimately transfers loads to bearing walls and framing -Roof covering protects the roof sheathing Structure - Framing/floors - Answer--Balloon or platform construction -Floor provides continuous pad for fra...
Difference between a Customer, Common Law Agency and a Designated agency relationship - Answer-Customer Relationship is when a consumer represents themselves and is a customer to the real estate representative or broker. Common Law Agency Relationship is a client relationship which the brokerage ...
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Add to cartDifference between a Customer, Common Law Agency and a Designated agency relationship - Answer-Customer Relationship is when a consumer represents themselves and is a customer to the real estate representative or broker. Common Law Agency Relationship is a client relationship which the brokerage ...
Equity" meaning - Answer-The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property Definition of "Mortgage" - Answer-The pledging of real property to a lender as security for a debt. In other words, a mortg...
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Add to cartEquity" meaning - Answer-The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property Definition of "Mortgage" - Answer-The pledging of real property to a lender as security for a debt. In other words, a mortg...
Fiduciary Representation - Answer-- Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - Answer-- the nature of services provided - whether professional has entered into representat...
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Add to cartFiduciary Representation - Answer-- Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - Answer-- the nature of services provided - whether professional has entered into representat...
What does RECA investigate? - Answer-Breaches to the Act, Rules, Regulations or Bylaws Who does RECA investigate? - Answer-Residential and commercial real estate associates and brokers, mortgage associates and brokers, property managers, and condo managers main objectives of an investigation -...
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Add to cartWhat does RECA investigate? - Answer-Breaches to the Act, Rules, Regulations or Bylaws Who does RECA investigate? - Answer-Residential and commercial real estate associates and brokers, mortgage associates and brokers, property managers, and condo managers main objectives of an investigation -...
duty-based ethics - Answer-Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - Answer-Sells the optimal result for the greatest number of people Advisory note - Answer-Punishment for a technical breach Administrative pen...
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Add to cartduty-based ethics - Answer-Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - Answer-Sells the optimal result for the greatest number of people Advisory note - Answer-Punishment for a technical breach Administrative pen...
What are other terms used for a "Bell Shape" on an Equalizer? - Answer-- Peaking Filter - Band Shelf - Peak/Dip What is an equalizer? - Answer-A signal processor that can increase or decrease the level of a specific Frequency Band. What controls you might find on an Equalizer/Filter? - Ans...
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Add to cartWhat are other terms used for a "Bell Shape" on an Equalizer? - Answer-- Peaking Filter - Band Shelf - Peak/Dip What is an equalizer? - Answer-A signal processor that can increase or decrease the level of a specific Frequency Band. What controls you might find on an Equalizer/Filter? - Ans...
Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his brother's house for sale with the brokerage. A real estate professional with another brokerage contacts Carl and asks to preview the property as she has a potential buyer. What level of disclosure mus...
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Add to cartCarl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his brother's house for sale with the brokerage. A real estate professional with another brokerage contacts Carl and asks to preview the property as she has a potential buyer. What level of disclosure mus...
Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) - Answer-1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are l...
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Add to cartCommercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) - Answer-1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are l...
Which of the following is NOT a non-price determinant of demand? A) Market size B) Costs of production C) Availability of credit D) Consumers' disposable income - Answer-C) Availability of credit Which entity has the authority to amend the Real Estate Act? A) RECA B) Federal government C)...
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Add to cartWhich of the following is NOT a non-price determinant of demand? A) Market size B) Costs of production C) Availability of credit D) Consumers' disposable income - Answer-C) Availability of credit Which entity has the authority to amend the Real Estate Act? A) RECA B) Federal government C)...
Studio - Answer-The room (behind the glass) where the musicians are recorded in. STU PLAY - Answer-The selected Control Room monitor Playback source is routed to the Studio loudspeakers, independent of the Control Room monitor source selection STU C/R - Answer-The selected Control Room monitor...
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Add to cartStudio - Answer-The room (behind the glass) where the musicians are recorded in. STU PLAY - Answer-The selected Control Room monitor Playback source is routed to the Studio loudspeakers, independent of the Control Room monitor source selection STU C/R - Answer-The selected Control Room monitor...
the subjective doubling of loudness is - Answer-10 dB the threshold of hearing is - Answer-0 db SPL (120 is the pain threshold the standard good movie theater loudness is - Answer-85 db SPL there's no sound coming from the mike after switching from a dynamic mike to a condenser mike, with ...
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Add to cartthe subjective doubling of loudness is - Answer-10 dB the threshold of hearing is - Answer-0 db SPL (120 is the pain threshold the standard good movie theater loudness is - Answer-85 db SPL there's no sound coming from the mike after switching from a dynamic mike to a condenser mike, with ...
Th loud parts of the movie wouldn't be as loud, because you've reduced the headroom by 6 dB. The "normal" parts of the movie would still play at their "normal" loudness, but the loudest parts would not be 20dB louder than normal, they'd only be 14dB louder. - Answer-Suppose the engineers at t...
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Add to cartTh loud parts of the movie wouldn't be as loud, because you've reduced the headroom by 6 dB. The "normal" parts of the movie would still play at their "normal" loudness, but the loudest parts would not be 20dB louder than normal, they'd only be 14dB louder. - Answer-Suppose the engineers at t...
Define Condominium - Answer-A form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex. It includes unit ownership and cmoon property ownership What are the two components in a Condominium? - Answer-Units are physical spaces within a structure or parcel of...
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Add to cartDefine Condominium - Answer-A form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex. It includes unit ownership and cmoon property ownership What are the two components in a Condominium? - Answer-Units are physical spaces within a structure or parcel of...
Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real est...
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Add to cartWhich of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real est...
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