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Alberta Real Estate Fundamentals Test Questions With Solved Solutions.

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

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Alberta Real Estate Fundamentals Test
Questions With Solved Solutions.
Real Estate - Answer The land and fixed improvements to the land



Classes of License - Answer 1. Associate

2. Associate Broker

3. Broker



4 Areas of Practice - Answer 1. Residential

2. Commercial

3. Rural

4. Property Management



Mobile homes fall under the same category as recreational properties - Answer False



Industrial Properties - Answer Include warehouses and custom-built manufacturing plants



Residential Income property - Answer Include low-rise and high-rise apartments, duplexes,
fourplexes, and townhouses



Characteristic: Scarce - Answer Identifies real estate as a limited resource



Characteristic: Durable - Answer Identifies real estate as indestructible



Characteristic: Fixed - Answer Identifies real estate as immobile



Characteristic: Unique - Answer Identifies parcels of land as being different from one another



Characteristic: Private - Answer Identifies how real estate transactions are conducted between
a buyer and seller

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