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
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
