Mock 4

Question 1

Which of the following statements concerning the difference between a licensee in lease is faults?

Answer 1

Both lease and license he created the relationship of landlord and tenant between parties.

Question 2

Lenders who are attempting to ration mortgage funds could.

Answer 2

Decrease the gross debt service ratio

Question 3

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

Answer 3

Under no circumstance

Question 4

Which of the following heating systems offer rapid response to extreme outside temperature changes?

Answer 4

Central gas fired forced hot air

Question 5

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?

Answer 5

The principle of advocate empire will likely apply to Archie in the situation

Question 6

Which one of the following is not a reason for the adoption of planning controls for the local government?

Answer 6

Limiting the power of land developers

Question 7

Which of the following would appear as credit on the purchasers statement of adjustment?

Answer 7

Agreement for sale deposit paid into our brokerage a trust account vendors shares of taxes not yet due.

Question 8

Which of the following statements is true?

Answer 8

Real property is durable, a structure physical life may be longer than its economic life

Question 9

Which of the following statements are true?

Answer 9

I completion date of the sale of the real property the purchaser is usually entitled to the transfer of title

Question 10

We are licensee intensive purchase property which of the following details machine disclosed to the vendor?

Answer 10

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

Question 11

Which of the following statements Regarding mortgagee is false?

Answer 11

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

Question 12

Which of the following is not a journal he excepted accounting principles?

Answer 12

Substitution

Question 13

Which of the following best describes the strata corporation?

Answer 13

Once the strata plan has been deposited at the land title office it is the individual strata owners, and as one entity

Question 14

The competition at prohibits false or misleading advertising. Which of the following statements concerning this offence is faults?

Answer 14

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

Question 15

Which of the following does not result from the doctrine of stairs decisis?

Answer 15

Outcome of the cases can be predicted it was absolute certainty

Question 16

The occupier liability act of BC provide that?

Answer 16

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

Question 17

Which of the following statements is false?

Answer 17

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

Question 18

Which of the following most accurately describes a building skiing

Answer 18

A set of restrictions on a development used by a developer in order to maintain a common overall development

Question 19

A board of Variance?

Answer 19

A board established by the Muni to determine whether a zoning byelaw creates undue hardships property owners.

Question 20

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?

Answer 20

Digital cameras and scanners

Question 21

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?

Answer 21

Either or absolute or judicial sale

Question 22

Under the strata property act a strata corporation can?

Answer 22

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

Question 23

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?

Answer 23

Personal covenant

Question 24

Where a licensee has complied strictly with the disclosure requirements of real estate service act when purchasing a property?

Answer 24

Common law may still require further disclosure.

Question 25

Under the common law of agency which of the following statements is true?

Answer 25

The agent who would not have capacity to enter a contract herself may be able to make a valid contract principal

Question 26

Real estate appraiser would not value?

Answer 26

Legal interest in cattle or on agriculture land

Question 27

Which of the following is not a consideration in the analysis Perform by professional planners as a part of the planning process?

Answer 27

Accommodations of developers interests

Question 28

Which of the following does not result from the immobility land ?

Answer 28

Need to debt financing

Question 29

Under the local government act a board of a variance is?

Answer 29

Establish by every unit that has a dart zoning bylaw. Board members who are anointed in the accordance with the local government. Restricted to grant minors a variance from zoning byelaw all requirements to public and on the basis of hardships so long as a variance does not conflict of local government policy.

Question 30

Which of the following is the main reason the interest occurring loans are normally written for short terms??

Answer 30

Lenders return and original investments are at risk for the entire term of the interest occurring loans

Question 31

Which of the following is term functional in curable obsolescence in a building

Answer 31

Narrow hallways

Question 32

Common law distress consist of?

Answer 32

Actual or threatened violence or imprisonment

Question 33

And establishing the actual value of a residential property for tax assessment purposes that your sister may consider?

Answer 33

The present used location rental value.