REAL ESTATE EXAM PREP UBC QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+

REAL ESTATE EXAM PREP UBC QUESTIONS AND
100% CORRECT ANSWERS|LATEST
2025/2026|GRADED A+

Common Law - ANSWER B B B 1. originated from england
B B B B




2. Doctrine of stare decisis
B B B B B




3. Uniformity
B B




3. Precedent
B




Equitable Law - B B



ANSWER
B originally from england, non money remedy, to avoid unjust enrichment by o B B B B B B B B B B B



nly uses of common law, includes injunctions (court orders not to do something)
B B B B B B B B B B B B




Statue Law - ANSWER B B B A law or act passed by government
B B B B B B




-created through legislation ( ex/ land title act)
B B B B B B B B




- Made to alter/change common law
B B B B B




rank the sources of law from strongest to least strongest in power authority? -
B B B B B B B B B B B B B



B ANSWER 1. statue law
B B B




2. Equitable law
B B B




3. common law
B B




what are the remedies regarding common law? - ANSWER
B B B B B B B B Damages



what are the remedies regarding Equitable law? -
B B B B B B B



B ANSWER 1. Specific performance (can force you to carry out services)
B B B B B B B B B




2. Injuntion (restraining order)
B B B




3. Quantum Meruit ( Much as you deserve)
B B B B B B B




1
Wicky

,what are the areas/laws does the federal , Provincial and Municipal goverment control -
B B B B B B B B B B B B B



B ANSWER Federal - harbours/airports/fisheries/criminal matters/ national defense
B B B B B B




Provincial- Property+civil rights, municipal, institutions, education
B B B B B




Municipal - pass by laws B B B B




Whats is the difference between Civil/tort/private laws and Public law? -
B B B B B B B B B B



B ANSWER Civil/tort/private - B



B deals with problem between individuals (breach of contract, divorce, agency or contract law)
B B B B B B B B B B B B B




Public - Problems between state and individuals (tax/constitutional/ criminal law )
B B B B B B B B B B




SSBS Hiearchy - ANSWER
B B B




small claims - ANSWER
B B B -claims of 35000 or less
B B B B B




- where defendent lives or where claim occured
B B B B B B B




supreme court of BC - ANSWER B B B B B -No territorial limitations present
B B B B




- judge can order new trial
B B B B B




BC court of appeal - ANSWER
B B B B B do not rehear evidence but review the legal principles
B B B B B B B B




Supreme Court of Canada - B B B B



ANSWER
B the highest appeals court in Canada; also deals with constitutional questions r B B B B B B B B B B B



eferred to it by the federal government
B B B B B B




- Not required to hear all appeals
B B B B B B B




- no evidence is reheard
B B B B




2
Wicky

,Describe the steps of the trial process ? - ANSWER
B B B B B B B B B 1. Pleading
B B




- civil claim presented by plaintiff
B B B B B B




- response of civil claim by defendant (statement of denying )
B B B B B B B B B B




2. Discovery (No judge)
B B B




- mini trial present facts before trial to often reach a settlement
B B B B B B B B B B B B




- allows observation of the strength and weaknesses of the claims presented
B B B B B B B B B B B B




3. TrialB B




- Plaintiff must prove the case
B B B B B B




4. Judgement
B B




court issues a dicision to resolve the issues
B B B B B B B




What are the 4 options of enforcing judgment ? -
B B B B B B B B B



B ANSWER 1. examination of the judgement debtor
B B B B B B




- creditor wins
B B B




-debtors assets analyzed (cars,house)
B B B




2. Writ of execution
B B B B




assets can be siezed and sold to statify the claim of sheriff
B B B B B B B B B B B B




3. remidies against the land
B B B B B




-lien B




4. Garnishing wages
B B B




- 30% only
B B




3
Wicky

, organization hierarchy in Brokerage - ANSWER
B B B B B 1. Brokerage- office/specific location
B B B B




2. Managing broker - of office
B B B B B B




3. Associate broker - assistant manager
B B B B B B




4. representative
B




the real estate foundation is responsible for ? - ANSWER
B B B B B B B B B 1. real estate Law reform
B B B B B




2. 5 members (minister of finance + 4 members)
B B B B B B B B




3. Education + research
B B B B




4. Receives all interest payable on all brokerage accounts
B B B B B B B B B




-Protects the public B B




The real estate council is responsible for ? - ANSWER
B B B B B B B B B 1. Enforcing the ACT(
B B B




2. Maintaining and advancing the knowledge of its licensees
B B B B B B B B B




3. 16 members (9 brokers + lay members + realtors)
B B B B B B B B B




4. Establishing educational requirements
B B B B




5. issuing and renewing licence
B B B B B




5. holding disciplinary hearings
B B B B




6. suspend/repremend/ cancel license
B B B B




7.Inspect and copy records
B B B B




8. investigate before and after you received license
B B B B B B B B




9. May apply to the court in order to seize records
B B B B B B B B B B B




-No law reform
B B B




-Statutory




4
Wicky