CORRECT WELL DETAILED ANSWERS|LATEST
9 things that, when representing sellers, REPs can do - ANSWER
1. Identify the features, qualities, and advantages that relate to the sellers' property
2. Describe the property appropriately in the applicable listing service and property
databases.
3. Market the property based on the features, qualities, and advantages.
4. Promote the property and answer their buyers' questions regarding it.
5. Accurately answer questions regarding the property to other REPs.
6. Avoid misrepresentation of the property due to inaccurate/incomplete information
7. Identify more of the due diligence activities that they need to perform on behalf of the
sellers
8. Demonstrate professional competence and value-added service, instilling seller
confidence
9. Provide support and guidance during the sale of the property
7 things that, when representing buyers, REPs can do - ANSWER
1. Understand buyer wants and needs when seeking a property
2. Select appropriate properties for buyers to view based on their needs and wants
3. Answer buyers' questions regarding property features and attributes
4. Avoid misrepresentation of property to the buyers due to inaccurate information
5. Identify the due diligence activities they need to perform on behalf of the their buyers
6. Demonstrate professional competence and value-added service, instilling buyers'
confidence
7. Provide support and guidance during the purchase of a property
1
,Key Topic Discussion - Seller/Buyer Client - Price - ANSWER Seller: Do price valuation;
discuss list price. Buyer: Ask about financial qualifications
Key Topic Discussion - Seller/Buyer Client - Location - ANSWER Seller: Determine
property location. Buyer: Determine preferred location(s)
Key Topic Discussion - Seller/Buyer Client - Age - ANSWER Seller: Determine property
age. Buyer: Determine property age preference(s)
Key Topic Discussion - Seller/Buyer Client - Features - ANSWER Seller: Recognize
property Features. Buyer: Determine property features preference(s)
Key Topic Discussion - Seller/buyer Client - Type - ANSWER Seller: Identify property
type. Buyer: Determine property type preference(s)
Key Topic Discussion - Seller/buyer Client - Style - ANSWER Seller: Identify property
style. Buyer: Determine property style preference(s)
Key Topic Discussion - Seller/buyer Client - Size - ANSWER Seller: Measure overall
property size. Buyer: Determine need for specific property size
Key Topic Discussion - Seller/buyer Client - Other needs/wants - ANSWER Both: Ask,
listen, learn what is important
8 key topics REPs should discuss with their clients - ANSWER
1. Price
2. Location
3. Age
4. Features
2
,5. Type
6. Style
7. Size
8. Other needs/wants
For representing buyers, REPs are expected to have a general knowledge of the areas in
which they practice, including... (x4) - ANSWER land use, transportation issues,
approved developments, and publicly available information that may influence the decision
of the buyers you represent
Property features typically relate to... (x4) - ANSWER the age, type, style and layout of
the property
Before residential construction can commence, intial aspects must be addressed such as
...(x2) - ANSWER acquiring required permits from the municipality indicating where
the residential development will be built and ensuring compliance with the Alberta Building
Code during construction
4 types of permits used in the residential construction process - ANSWER 1.
Development permits (sued for new subdivisions) 2. Building Permits (used for new
residential buildings 3. Occupancy Permits (used for new residential buildings) 4. Subsequent
Building Permits (used for changes to existing buildings)
According to the Land Use Bylaw, what must a builder obtain before residential development
of any land may occur - ANSWER the builder must obtain a Development Permit from
the municipality
Under the Municipal Government Act (subsection 616) what is required of a Development
Permit? - ANSWER a Development Permit be issued under a Land Use Bylaw and that
it serves as municipality authorization for the proposed development of the land
3
, "a Building" meaning under the Municipal Government Act - ANSWER The Municipal
Government Act (subsection 616) defines a building as anything constructed or placed on,
in, over or under land.
In a new residential subdivision, is the builder required to obtain a development Permit for
the entire subdivision as well as building permits for each individual residence to be
constructed within the subdivision? - ANSWER Yes. This requires the initial
development plan plus the builder must submit building plans to the municipal jurisdiction
for each property it intends to build
How long are building permits valid? - ANSWER Typically, a building permit is valid for
one year during which the construction process must be initiated. The length of time to
complete the construction of the building varies based on size, complexity, and location.
What does the Municipal Government Act allow municipalities to regulate through its land
use bylaws? - ANSWER to regulate the use, size and type of buildings
Does the building permit date represent the exact year the building was built? -
ANSWER No, Due to allocation of resources, availability of tradespeople, and
construction delays that may by caused by supply shortages of material and labour, the
building permit date only represents the approximate year the property was constructed
What does "ABC" stand for? What does it do? - ANSWER Alberta Building Code is the
legislation that establishes technical specifications for new building construction and
construction materials.
is regulating building construction a federal or provincial responsibility -
ANSWER Provincial. In Canada, provinces and territories are responsible for regulating
building construction within their respective jurisdictions.
Who created the ABC? And under which Act? - ANSWER The Safety Codes Council
under the Safety Codes Act created the ABC.
4
9 things that, when representing sellers, REPs can do - ANSWER
1. Identify the features, qualities, and advantages that relate to the sellers' property
2. Describe the property appropriately in the applicable listing service and property
databases.
3. Market the property based on the features, qualities, and advantages.
4. Promote the property and answer their buyers' questions regarding it.
5. Accurately answer questions regarding the property to other REPs.
6. Avoid misrepresentation of the property due to inaccurate/incomplete information
7. Identify more of the due diligence activities that they need to perform on behalf of the
sellers
8. Demonstrate professional competence and value-added service, instilling seller
confidence
9. Provide support and guidance during the sale of the property
7 things that, when representing buyers, REPs can do - ANSWER
1. Understand buyer wants and needs when seeking a property
2. Select appropriate properties for buyers to view based on their needs and wants
3. Answer buyers' questions regarding property features and attributes
4. Avoid misrepresentation of property to the buyers due to inaccurate information
5. Identify the due diligence activities they need to perform on behalf of the their buyers
6. Demonstrate professional competence and value-added service, instilling buyers'
confidence
7. Provide support and guidance during the purchase of a property
1
,Key Topic Discussion - Seller/Buyer Client - Price - ANSWER Seller: Do price valuation;
discuss list price. Buyer: Ask about financial qualifications
Key Topic Discussion - Seller/Buyer Client - Location - ANSWER Seller: Determine
property location. Buyer: Determine preferred location(s)
Key Topic Discussion - Seller/Buyer Client - Age - ANSWER Seller: Determine property
age. Buyer: Determine property age preference(s)
Key Topic Discussion - Seller/Buyer Client - Features - ANSWER Seller: Recognize
property Features. Buyer: Determine property features preference(s)
Key Topic Discussion - Seller/buyer Client - Type - ANSWER Seller: Identify property
type. Buyer: Determine property type preference(s)
Key Topic Discussion - Seller/buyer Client - Style - ANSWER Seller: Identify property
style. Buyer: Determine property style preference(s)
Key Topic Discussion - Seller/buyer Client - Size - ANSWER Seller: Measure overall
property size. Buyer: Determine need for specific property size
Key Topic Discussion - Seller/buyer Client - Other needs/wants - ANSWER Both: Ask,
listen, learn what is important
8 key topics REPs should discuss with their clients - ANSWER
1. Price
2. Location
3. Age
4. Features
2
,5. Type
6. Style
7. Size
8. Other needs/wants
For representing buyers, REPs are expected to have a general knowledge of the areas in
which they practice, including... (x4) - ANSWER land use, transportation issues,
approved developments, and publicly available information that may influence the decision
of the buyers you represent
Property features typically relate to... (x4) - ANSWER the age, type, style and layout of
the property
Before residential construction can commence, intial aspects must be addressed such as
...(x2) - ANSWER acquiring required permits from the municipality indicating where
the residential development will be built and ensuring compliance with the Alberta Building
Code during construction
4 types of permits used in the residential construction process - ANSWER 1.
Development permits (sued for new subdivisions) 2. Building Permits (used for new
residential buildings 3. Occupancy Permits (used for new residential buildings) 4. Subsequent
Building Permits (used for changes to existing buildings)
According to the Land Use Bylaw, what must a builder obtain before residential development
of any land may occur - ANSWER the builder must obtain a Development Permit from
the municipality
Under the Municipal Government Act (subsection 616) what is required of a Development
Permit? - ANSWER a Development Permit be issued under a Land Use Bylaw and that
it serves as municipality authorization for the proposed development of the land
3
, "a Building" meaning under the Municipal Government Act - ANSWER The Municipal
Government Act (subsection 616) defines a building as anything constructed or placed on,
in, over or under land.
In a new residential subdivision, is the builder required to obtain a development Permit for
the entire subdivision as well as building permits for each individual residence to be
constructed within the subdivision? - ANSWER Yes. This requires the initial
development plan plus the builder must submit building plans to the municipal jurisdiction
for each property it intends to build
How long are building permits valid? - ANSWER Typically, a building permit is valid for
one year during which the construction process must be initiated. The length of time to
complete the construction of the building varies based on size, complexity, and location.
What does the Municipal Government Act allow municipalities to regulate through its land
use bylaws? - ANSWER to regulate the use, size and type of buildings
Does the building permit date represent the exact year the building was built? -
ANSWER No, Due to allocation of resources, availability of tradespeople, and
construction delays that may by caused by supply shortages of material and labour, the
building permit date only represents the approximate year the property was constructed
What does "ABC" stand for? What does it do? - ANSWER Alberta Building Code is the
legislation that establishes technical specifications for new building construction and
construction materials.
is regulating building construction a federal or provincial responsibility -
ANSWER Provincial. In Canada, provinces and territories are responsible for regulating
building construction within their respective jurisdictions.
Who created the ABC? And under which Act? - ANSWER The Safety Codes Council
under the Safety Codes Act created the ABC.
4
