Mock 13 Flashcards
Which of the following statements regarding digital signatures is faults
A digital signature unique Jennifer is a sender by including a picture file of the sender written signature.
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
Don may obtain an order for possession against Bob
The first place of setting a dispute through the civil resolution tribunal is typically?
Negotiations
Which of the following statements with respect to the payment of the property taxes correct?
Property taxes are usually do for the calendar year on July 1, but our build in two installments and some Muni
Which of the following statements about manufacture homes is false?
BC manufactured homes registry is maintained by the land title office
Which of the following is a private see principal from the personal information protection act?
Be open
Which of the following statements about foreclosures of a mortgage it’s true
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
When converting existing building into Straub development which of the following statement is true?
A developer must first obtain the necessary approval from the local Muni Council or regional district as may be
Which of the following statements regarding general accounting principle is true
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
Which of the following is our purpose of a code of ethics except
To provide a number of legal remedies that can be exercised by those wrong by a member of given professions
A long term conservative estimate of the value of a property pledge as security for a loan is known as
The Lending in value
Which of the following statements about conditions and warranties is true
Only breaches of conditions allow the injured party party to terminate the contract
With respect to appraisal which of the following statements is false
Direct comparison approach is based on the market principle
The right of Survivorship is associated with
Joint tenancy
Which of the following is the key stashed in British Columbia that governs housing co-ops?
The co-op association act
Which of the following items is not included in a form B certificate
Certificate on title
When acting for a buyer making an offer to acquire real estate licensee must you all of the following except
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
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
Promptly and before the contract of purchase and sale is entered into
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
A mutual mistake had a cure and the result being that the contract is void
The key function of the real estate foundation is
Real estate law reform
Which of the following statement regarding the additional property transfer tax The Foreign buyer taxes correct
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
An appraisal highest and best use is based on the principle that the market value of the property depends on
Potential use rather than on current use alone
The process whereby a mortgage lender transfer his interest in a mortgage to a third-party is known as
Assignment
On the balance sheet long term debt such as mortgage would be classified under
Non Current liabilities
