part 2 unit 13 - property research

Question 1

system that allows province wide graphic or text-based searches for specific types of Government of Alberta land-related information.

Answer 1

Spin 2

Question 2

to conduct a title search agent will require what

Answer 2

-linc number, legal land description, title number

Question 3

spin2 allows the user to search

Answer 3

-title, documents, survey plans, townships images, survey control markers

Question 4

Buyers consider a property’s present state and its potential

Answer 4

principle of anticipation

Question 5

progression vs regression

Answer 5

-smallest house on a street of luxury homes
-largest house in a street with smaller houses.

Question 6

generalist property inspector aka

Answer 6

home inspector

Question 7

property inspection reports recommend

Answer 7

repairs, maintenance, and further investigation

Question 8

high moisture levels can cause

Answer 8

voids in insulation, mould and indoor air quality issues

Question 9

flood hazard map

Answer 9

-used for long-range planning and making local land use decisions

Question 10

flood inundation maps

Answer 10

show areas at risk for floods.

Question 11

offers financial support for loss and damage due to emergencies and disasters not covered by insurance

Answer 11

Disaster recovery program

Question 11

flood likelihood maps

Answer 11

illustrate cumulative flood risk over 30 years

Question 11

flood range maps

Answer 11

compare two diff sized floods, and show which community can become at risk.

Question 12

Gov of Alberta has implemented 90;10

Answer 12

provides 90% of the eligible disaster costs, applicants are responsible for the remaining 10%