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RECA Package Deal With Verified Study Solutions (Questions And Answers) Rated A+
RECA Package Deal With Verified Study Solutions (Questions And Answers) Rated A+
[Show more]RECA Package Deal With Verified Study Solutions (Questions And Answers) Rated A+
[Show more]Can you fill out forms on behalf of a buyer when you are employed by the seller? - Answer-yes, you can 
because you are helping the sale go through. but you can't give them any discretionary advice or 
judgment calls. 
you cant give them confidential advice 
you cant also represent them 
ELEMENTS O...
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Add to cartCan you fill out forms on behalf of a buyer when you are employed by the seller? - Answer-yes, you can 
because you are helping the sale go through. but you can't give them any discretionary advice or 
judgment calls. 
you cant give them confidential advice 
you cant also represent them 
ELEMENTS O...
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 ...
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Add to cart1. 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...
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Add to cartA 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 ...
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Add to cart"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...
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Add to cartbenefit 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...
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Add to cart2 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...
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Add to cartbreach - .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...
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Add to cartalberta 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...
Preview 2 out of 11 pages
Add to cart3 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...
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Add to cartAccording 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...
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Add to cart(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...
Preview 3 out of 27 pages
Add to cart4 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...
Preview 3 out of 29 pages
Add to cart5 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...
Preview 3 out of 22 pages
Add to cart1 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...
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