Mock 4 Flashcards
Which of the following statements concerning the difference between a licensee in lease is faults?
Both lease and license he created the relationship of landlord and tenant between parties.
Lenders who are attempting to ration mortgage funds could.
Decrease the gross debt service ratio
The customer price index is a good method to adjust sale prices to the level of value per veiling as of the date of appraisal
Under no circumstance
Which of the following heating systems offer rapid response to extreme outside temperature changes?
Central gas fired forced hot air
Cassie a trading services representative with the listing and selling Brett with respect to the sale of Ellwood’s house to Archie. After the sale computer Ergi discovered that the main and lower floors of the house locked. Neither Kathy Elwood or or she had noticed this before although they did the fact was discoverable using ordinance still diligence. Based on the above which of the following statements is true?
The principle of advocate empire will likely apply to Archie in the situation
Which one of the following is not a reason for the adoption of planning controls for the local government?
Limiting the power of land developers
Which of the following would appear as credit on the purchasers statement of adjustment?
Agreement for sale deposit paid into our brokerage a trust account vendors shares of taxes not yet due.
Which of the following statements is true?
Real property is durable, a structure physical life may be longer than its economic life
Which of the following statements are true?
I completion date of the sale of the real property the purchaser is usually entitled to the transfer of title
We are licensee intensive purchase property which of the following details machine disclosed to the vendor?
The fact that she holds her real estate license any details that have been arranged for the resale of the property the fact that she was willing to share in the commission of the sale
Which of the following statements Regarding mortgagee is false?
Once the mortgage term has been agreed but the mortgage her and the mortgagee the mortgagee’s to advance the tall amount of funds one request by the borrower regardless of the terms of the mortgage
Which of the following is not a journal he excepted accounting principles?
Substitution
Which of the following best describes the strata corporation?
Once the strata plan has been deposited at the land title office it is the individual strata owners, and as one entity
The competition at prohibits false or misleading advertising. Which of the following statements concerning this offence is faults?
A person or company will not be guilty under the competition out even though every part of their advertisement is literally true when the general overall impression is misleading
Which of the following does not result from the doctrine of stairs decisis?
Outcome of the cases can be predicted it was absolute certainty
The occupier liability act of BC provide that?
Occupy our duty of care applies and relations not only the conditions of the premises but also the act of the premises and the conduct of a third-party on the premises
Which of the following statements is false?
Assuming the standard by law I have not been amended the strata council may pass rules with respect safety and cleanliness of individual owners owned strata lots
Which of the following most accurately describes a building skiing
A set of restrictions on a development used by a developer in order to maintain a common overall development
A board of Variance?
A board established by the Muni to determine whether a zoning byelaw creates undue hardships property owners.
To stay competitive in today’s real estate industry which of the following are computer paraphernalia devices that are in valuable to the real estate office?
Digital cameras and scanners
After an order of Nicis or foreclosure is granted to a petitioner and the recent four fails to pay the amount due as Required by the order of the petitioner may apply for?
Either or absolute or judicial sale
Under the strata property act a strata corporation can?
Hire professional management personnel to manage building security and to perform other managing duties. Prohibit the rental of the unit in a condo project subject to minor exceptions. File a lien in the land title office against the strata lot for money owing to the corporation
harold. the Boro and mowed the lender signs of standard mortgage contract in which Harold promises to pay the installment of principal and interest as a fall do. One term of the mortgage allows mode to exercise remedy of the original creditor separately from foreclosure application in case of default. This term is known as?
Personal covenant
Where a licensee has complied strictly with the disclosure requirements of real estate service act when purchasing a property?
Common law may still require further disclosure.
