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"Equity" meaning - correct answer The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property Definition of "Mortgage" - correct answer The pledging of real property to a loender as security for a ...

What do REPs have a regulatory obligation to present and discuss with the consumer? - correct answer The Consumer Relationship guide (the Guide) By signing the guide (the consumer relationship guide), is the consumer committed to work with the particular real estate professional/brokerage? -...

Structure - Roof - correct answer -Transfers roof loads to rafters, trusses and joists - Ultimately transfers loads to bearing walls and framing -Roof covering protects the roof sheathing Structure - Framing/floors - correct answer -Balloon or platform construction -Floor provi...

make a cut - correct answer B trim head of a region - correct answer A trim tail of a region - correct answer S put fade at head of a region - correct answer D select across cut and make a crossfade - correct answer F put fade at tail of a region - correct ans...

Master Controls Section - correct answer Input Flip Mute Group Monitors Talkback Solo Oscillator Meter Controls Grand Master Assigns What do the buttons and knobs in the Control Room Monitor Section determine? - correct answer Source: What you listen to Speaker: Through what spe...

What does RECA investigate? - correct answer Breaches to the Act, Rules, Regulations or Bylaws Who does RECA investigate? - correct answer Residential and commercial real estate associates and brokers, mortgage associates and brokers, property managers, and condo managers main object...

Explain the properties of every sound. - correct answer 1. Source = creates the sound 2. Transmitting Medium = what is travels through/ anything it can travel through. 3. Sound Receptor = what is affected by the energy Explain the properties of a sound source. - correct answer 1.Energ...

Studio - correct answer The room (behind the glass) where the musicians are recorded in. STU PLAY - correct answer The selected Control Room monitor Playback source is routed to the Studio loudspeakers, independent of the Control Room monitor source selection STU C/R - correct answer...

under which Act/Law are all Alberta municipalities empowered to shape their communities? - correct answer MGA - The Municipal Government Act Which department is responsible for administration of the MGA? - correct answer Municipal Affairs is the department responsible for administering ...

Real Estate Act - correct answer provincial legislation regulating real estate, mortgage brokerage, real estate appraisal Act components - correct answer the Act by Minister of Service The Rule by Council The Regulation by Minister The Bylaw by Council Act parts - correct answer ...

3 Types of property defects - correct answer Patent, Latent, Material latent What are Patent defects (on a property)? - correct answer obvious flaw discovered upon reasonable inspection. caveat emptor applies (meaning that the buyer should have inspected enough to find anything like thi...

statutes law - correct answer legislation or regulations enact within jurisdiction typically municipal, provincial or federal level case law - correct answer court interpreted legislation applying to specific set of facts common law - correct answer system of historical customs...

A purchase contract gets registered at the Land Titles Office. - correct answer False. A purchase contract is not registered at Land Titles. However, a purchase contract begins the legal process for the buyer and seller to eventually transfer the title of the property to the buyer. Real esta...

Land surveying - correct answer .survey of land determine or establish boundaries .boundaries of any right or interest in land or in air .survey of air space .location of anything relative to boundary .survey of lakes, rivers, watercourses preparing maps, plans, and documents .network of ...

What role does RecA protein play in homologous recombination? - correct answer key enzyme responsible for identifying related DNA sequences Which genetic exchange processes utilized homologous recombination to incorporated new DNA into the recipient's genome? - correct answer In the co...

brokerage - correct answer entity managed by broker, engage associates and associate brokers, registered with brokerage to trade on behalf of brokerage only one broker in one brokerage broker - correct answer lead of brokerage, responsible for comply Act, Proceeds of Crime, Terrorist F...

What does Fee Simple mean? - correct answer 'Fee' means the land can be inherited and 'simple' means the inheritance is unqualified as to who can inherit it. Bundle of rights include (x4) - correct answer Possession (to occupy and keep out others) Control (to alter the property phy...

Real Property Review - correct answer Real Property includes Land - legally described as the ground and that which is beneath it and above it. Land includes surface resources (soil, sand gravel) and may or may not include the deep resources (coal, gas and oil), depending on the description of ...

Types of Properties - correct answer 1. Single Family Residential 2. Multi Family Residential: Low High, Mid Rise High Rise, Row Housing 3. Cooperative 4. Condominium 5. Commercial Forms of Ownership - correct answer 1. Individual Investors 2. Sole Proprietorship 3. Partnership 4...

Which of the following refers to the definition of Real estate - correct answer The physical land and improvements to and on the land self-regulation - correct answer Enables a government to del gate its authority to a representative body aka Reca to oversee and regulate the practice of...

Jan, a real estate professional has been asked by a buyer who she is representing for the name of a lawyer to help with the legal aspects of the transaction. Jan provides the name of 3 lawyers, 1 of whom is her cousin. According to the Rules, which of the following requirements must Jan fulfill? - c...

The office of the Registrar is specifically responsible for the following four operational units: - correct answer - Licensing Services - Trust Assurance and Practice Review Program - Professional Conduct Review Program - Professional Conduct Proceedings Trust Assurance and Practice Revie...

Which of the following statements is correct regarding average sale price statistics? 1. The figure depends on the price of properties that sold that month 2. The figure may decrease if fewer expensive properties sold that month 3. The figure may increase if more expensive properties sold that mo...