Mock 13

Question 1

Which of the following statements regarding digital signatures is faults

Answer 1

A digital signature unique Jennifer is a sender by including a picture file of the sender written signature.

Question 2

Bob, the landlord has a residential tenancy agreement with Don. On the day Don scheduled to meet Barb to obtain the keys and move it Bob does not show up and is unreachable by telephone or email and Don cannot get access to the apartment. After signing with Don Bob runs the premises to another tenant at a higher price. The tenant has yet to move in which of the following statement is true

Answer 2

Don may obtain an order for possession against Bob

Question 3

The first place of setting a dispute through the civil resolution tribunal is typically?

Answer 3

Negotiations

Question 4

Which of the following statements with respect to the payment of the property taxes correct?

Answer 4

Property taxes are usually do for the calendar year on July 1, but our build in two installments and some Muni

Question 5

Which of the following statements about manufacture homes is false?

Answer 5

BC manufactured homes registry is maintained by the land title office

Question 6

Which of the following is a private see principal from the personal information protection act?

Answer 6

Be open

Question 7

Which of the following statements about foreclosures of a mortgage it’s true

Answer 7

Once the redemption period has expired, the petitioner may apply to have the property sold by the way judicial sale,or the petitioner may apply for that order absolute

Question 8

When converting existing building into Straub development which of the following statement is true?

Answer 8

A developer must first obtain the necessary approval from the local Muni Council or regional district as may be

Question 9

Which of the following statements regarding general accounting principle is true

Answer 9

The cost principle holds that When a business requires an assessment amount paid for this test is the appropriate amount record in the books of the enterprise

Question 10

Which of the following is our purpose of a code of ethics except

Answer 10

To provide a number of legal remedies that can be exercised by those wrong by a member of given professions

Question 11

A long term conservative estimate of the value of a property pledge as security for a loan is known as

Answer 11

The Lending in value

Question 12

Which of the following statements about conditions and warranties is true

Answer 12

Only breaches of conditions allow the injured party party to terminate the contract

Question 13

With respect to appraisal which of the following statements is false

Answer 13

Direct comparison approach is based on the market principle

Question 14

The right of Survivorship is associated with

Answer 14

Joint tenancy

Question 15

Which of the following is the key stashed in British Columbia that governs housing co-ops?

Answer 15

The co-op association act

Question 16

Which of the following items is not included in a form B certificate

Answer 16

Certificate on title

Question 17

When acting for a buyer making an offer to acquire real estate licensee must you all of the following except

Answer 17

Explain the notice to seller regarding assignment terms form to the seller if the preparer offer does contain the two standard assignment termed found in the real estate service regulations

Question 18

Section 513 of the rules under the real estate service act require licensee who are providing trading services to a seller to disclose to all other parties in the transaction any material Latin defects in the real state that are known to the licensee. When must this disclosure be made

Answer 18

Promptly and before the contract of purchase and sale is entered into

Question 19

Jody owns to blue bicycle Samaritan bike Road bike. Jody‘s friend Bobby in the market for a used road bike offered to buy Jordans blue bicycle for $300 which Jody excepted. Jody assume that she was selling her mountain bike and she when delivered it to Bobby he refused delivery stating that the contract that they made for the her road bike. Neither realize each other mistake until Jody had deliver the mountain bike to Bobby which of the following statement is true

Answer 19

A mutual mistake had a cure and the result being that the contract is void

Question 20

The key function of the real estate foundation is

Answer 20

Real estate law reform

Question 21

Which of the following statement regarding the additional property transfer tax The Foreign buyer taxes correct

Answer 21

The foreign buyers tax may apply to the purchase or a residential property by a corporation that is incorporated in Canada but controlled by a foreign national

Question 22

An appraisal highest and best use is based on the principle that the market value of the property depends on

Answer 22

Potential use rather than on current use alone

Question 23

The process whereby a mortgage lender transfer his interest in a mortgage to a third-party is known as

Answer 23

Assignment

Question 24

On the balance sheet long term debt such as mortgage would be classified under

Answer 24

Non Current liabilities

Question 25

Which of the following document is used to transfer a fee simple title in the land title office from the seller to the buyer

Answer 25

Form a freehold transfer

Question 26

And applying the cost method of appraisal to the valuation of a single-family resident built for years ago

Answer 26

The current cost on a replacement piece of shit be used to represent the cost of construction

Question 27

In BC land title system if property is registered subject to a trust it will be shown by

Answer 27

Notation of trust on the title

Question 28

All of the following for fiduciary duties owned by a licensee to her client terminates at the end of the agency relationship except

Answer 28

Duty of Confidentiality

Question 29

Which of the following statements made during a recent discussion about corporation is true

Answer 29

A corporation who shares are traded on the stock exchange is referred to as public company

Question 30

Which of the following statements regarding local governments it’s true

Answer 30

Improvement districts have the power to levy taxes borrow money expropriate land and do anything necessary to carry out their objects

Question 31

Which statement is not actually describe the property disclosure statement PDS

Answer 31

The PDS for strata property should include detailed disclosure from the strata lot owner regarding the condition of all this trailer development common property