unit 1 session 5 quizzes

Question 1

land surveyors

Answer 1

responsible for preparing real property reports

Question 2

property measures

Answer 2

provide services that include area calculations for residential, commercial, and industrial properties

Question 3

specialists who assess the status of a condo corporation by analyzing its governing documents and financial statements

Answer 3

condo documents reviewers

Question 4

real estate professionals

Answer 4

assists individuals with the buying and selling of property

Question 5

ensures the consumer’s legal interests are protected regarding real estate transactions

Answer 5

real estate lawyers

Question 6

property inspectors

Answer 6

provide info to buyers or sellers on the condition of a building’s systems and components

Question 7

real estate appraiser professionals

Answer 7

estimate the market value of the property before its sold

Question 8

entities that provide the funds ina. debt obligation secured by real estate

Answer 8

mortgage lenders

Question 9

perform such activities as lease negotiations and the collection of rents

Answer 9

property managers

Question 10

facilitate the lending process between lenders and borrowers

Answer 10

mortgage brokerage professionals

Question 11

member-based organizations operated in defined geographical areas within the province

Answer 11

real estate boards

Question 12

a provincial member-based organization representing the interests and concerns of Alberta’s regional real estate board

Answer 12

Alberta real estate association

Question 13

member-based organization that supports and regulates the residential property inspection profession in the province

Answer 13

CANADIAN ASSOCIATION OF HOME AND PROPERTY INSPECTORS (CAHPI)I-ALBERTA

Question 14

the entity that provides professional liability insurance for real estate and mortgage brokerage professionals

Answer 14

real estate insurance exchange