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MOCK EXAM 2 GO BC COMPLETE QUESTIONS AND ANSWERS 100% CORRECT
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MOCK EXAM 2 GO BC COMPLETE QUESTIONS AND ANSWERS 100% CORRECT
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MOCK EXAM 2 GO BC COMPLETE QUESTIONSAND ANSWERS 100% CORRECT
Following 'STATUTES' affects the 'REAL PROPERTY TAXATION SYSTEM' in BC? -
ANSWER SCHOOL ACT
Following is NOT a 'POWER OR DUTY' of the 'REAL ESTATE COUNCIL'? -
ANSWER UNDERTAKING and CARRYING our REAL ESTATE 'LAW REFORM' to
PROMOTE the INTERESTS of REAL ESTATE PROFESSIONALS.
Following Statement is TRUE? - ANSWER The 'SUPREME COURT OF BC' may
exercise BOTH 'COMMON LAW AND EQUITABLE JURISDICTION'
The 'LOAN TO VALUE RATIO' is the 'RATIO OF ' - ANSWER The FACE VALUE of
the 'MORTGAGE LOAN' divided by the 'LENDING VALUE of the PROPERTY'
The PRACTICE of 'RECOGNIZING EXPENSES' as they are 'INCURRED', rather than
when they are 'PAID FOR', is a CHARACTERISTIC OF - ANSWER MATCHING
PRINCIPLE
A 'LEASE' for 'REAL ESTATE PROPERTY' is a CONTRACT by which the 'lANDLORD
GRANTS' - ANSWER EXCLUSIVE 'POSSESSION TO THE TENANT'
'Real Estate' is effected by a 'WIDER' and more serious range of 'EXTERNALITIES'
then any other 'COMMODITY'. it's because of - ANSWER IMMOBILITY of REAL
ESTATE PROPERTY
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