Real Estate > EXAM > ALBERTA REAL ESTATE FUNDAMENTALS REAL ACTUAL EXAM 2025/2026 STUDY QUESTIONS WITH CORRECT DETAILED AN (All)
ALBERTA REAL ESTATE FUNDAMENTALS REAL ACTUAL EXAM 2025/2026 STUDY QUESTIONS WITH CORRECT DETAILED ANSWERS GUARANTEED PASS | RATED A+
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Caleb McKoy is a real estate appraiser with CML appraisers . He has been asked to provide an appraisal on a single family detached property in an established neighborhood . When Caleb arrives on site ... , the seller provides him copies of an older appraisal with higher values and pressurizes Caleb to use these values . What type of mortgage fraud is demonstrated in this scenario ? - Answer>>> Inflated real estate appraisal Which of the following are essential elements that must be present in a contract in order to make it valid ? - Answer>>> Capacity, legal object, intent, consideration, mutual agreement, and free will RECA must be notified immediately when - Answer>>> Professional is disciplined in another profession, professionals company is subject of a judgement, professionals company is subject to bankruptcy proceddings Mary Thomas is a real estate professional with Polaris realty. She signs a written service agreement with her client to sell her property. Who is the relationship established between? - Answer>>> The brokerage and the client Changes in economic activity are generally caused by? - Answer>>> Seasonal changes, business cycle, and secular trends What type of organization is described by the following statement ? " Membership is mandatory . The organization maintains items not covered by the municipality . However , each property has a separate title . " - Answer>>> Home owners association HOA Executive director will suspend or cancel a brokerage license when - Answer>>> Brokerage fails to maintain/make available(for the purposes of review) proper records at the registered business office, brokerage fails to immediately fund a trusts shortage as directed by executive director, investigator or auditor employed by council is denied/restricted access to the registered business office or to any or all of the records, and when broker exercises little or no authority What are the stages of a business cycle? - Answer>>> Expansion, prosperity, peak, contraction, recession, trough and recovery " If the contract has been discharged by breach , and the injured party has done part but not all of what was promised under the terms of the contract , the injured party is entitled to the reasonable value of services performed " . This describes which remedy for breach of trust ? - Answer>>> Quantum meriut Who is responsible for the Real Estate Act in Alberta? - Answer>>> Minister of service Alberta [Show More]
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