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Alberta Real Estate Fundamentals questions with complete solution 2024

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Alberta Real Estate Fundamentals questions with complete solution 2024Real Estate - correct answer The land and fixed improvements to the land Classes of License - correct answer 1. Associate 2. Associate Broker 3. Broker 4 Areas of Practice - correct answer 1. Residential 2. Commercial 3. Rural 4. Property Management Mobile homes fall under the same category as recreational properties - correct answer False Industrial Properties - correct answer Include warehouses and custom-built manufacturing plants Residential Income property - correct answer Include low-rise and high-rise apartments, duplexes, fourplexes, and townhouses Characteristic: Scarce - correct answer Identifies real estate as a limited resource Characteristic: Durable - correct answer Identifies real estate as indestructible Characteristic: Fixed - correct answer Identifies real estate as immobile Characteristic: Unique - correct answer Identifies parcels of land as being different from one another Characteristic: Private - correct answer Identifies how real estate transactions are conducted between a buyer and seller Characteristic: Supply/Demand - correct answer Identifies the slow response of these 2 market forces affecting real estate Characteristic: Stand

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