Rechga

3 Types of property defects - correct answer Patent, Latent, Material latent What are Patent defects (on a property)? - correct answer obvious flaw discovered upon reasonable inspection. caveat emptor applies (meaning that the buyer should have inspected enough to find anything like this). Unless the seller provides information or warranties regarding the patent defects, it is the buyers responsibility to address them. What are Latent defects (on a property)? - correct answer ...

Real Estate Act - correct answer provincial legislation regulating real estate, mortgage brokerage, real estate appraisal Act components - correct answer the Act by Minister of Service The Rule by Council The Regulation by Minister The Bylaw by Council Act parts - correct answer part 1 - RECA part 2 - Regulation of business of an industry member Part 3 - conduct proceeding Part 4 - Real estate assurance fund Part 5 - Alberta Real Estate Foundation Part 6 - General ...

under which Act/Law are all Alberta municipalities empowered to shape their communities? - correct answer MGA - The Municipal Government Act Which department is responsible for administration of the MGA? - correct answer Municipal Affairs is the department responsible for administering the Municipal Government Act MGA contains 3 key topics - correct answer 1. Assessment and Taxation 2. Governance and Administration 3. Planning and Development When was the first (MGA) Muni...

Studio - correct answer The room (behind the glass) where the musicians are recorded in. STU PLAY - correct answer The selected Control Room monitor Playback source is routed to the Studio loudspeakers, independent of the Control Room monitor source selection STU C/R - correct answer The selected Control Room monitor source is routed to the Studio loudspeakers EXT IN - correct answer The signal from the STUDIO EXT MNTR INPUT patch points are routed to the Studio loud...

Explain the properties of every sound. - correct answer 1. Source = creates the sound 2. Transmitting Medium = what is travels through/ anything it can travel through. 3. Sound Receptor = what is affected by the energy Explain the properties of a sound source. - correct answer 1.Energry source = Player of the instrument/creator of energy. 2. Vibrating element = part of interment 3. Resonator = the body of the instrument/ sinus/ face Explain what a transmitting medium is. - co...

What does RECA investigate? - correct answer Breaches to the Act, Rules, Regulations or Bylaws Who does RECA investigate? - correct answer Residential and commercial real estate associates and brokers, mortgage associates and brokers, property managers, and condo managers main objectives of an investigation - correct answer - gather all relevant information - treat all parties courteously and impartially - gather information efficiently Conduct deserving of sanction - ...

Master Controls Section - correct answer Input Flip Mute Group Monitors Talkback Solo Oscillator Meter Controls Grand Master Assigns What do the buttons and knobs in the Control Room Monitor Section determine? - correct answer Source: What you listen to Speaker: Through what speakers Level: How loud Typical monitor systems have two sets of outputs: - correct answer CONTROL ROOM monitors connected to the speakers above the console, and STUDIO monitors, connected to s...

make a cut - correct answer B trim head of a region - correct answer A trim tail of a region - correct answer S put fade at head of a region - correct answer D select across cut and make a crossfade - correct answer F put fade at tail of a region - correct answer G toggle between volume and waveform - correct answer - zoom out - correct answer R zoom in - correct answer T superzoom - correct answer E bring up Memory ...

Structure - Roof - correct answer -Transfers roof loads to rafters, trusses and joists - Ultimately transfers loads to bearing walls and framing -Roof covering protects the roof sheathing Structure - Framing/floors - correct answer -Balloon or platform construction -Floor provides continuous pad for framing Structure - Walls - correct answer -Carry weight of roof and floor to the foundation -Wall structure varies based on type of framing Structure - Footings/f...

What do REPs have a regulatory obligation to present and discuss with the consumer? - correct answer The Consumer Relationship guide (the Guide) By signing the guide (the consumer relationship guide), is the consumer committed to work with the particular real estate professional/brokerage? - correct answer No 2 types of consumer relationships - correct answer client and customer Difference between Common Law Agency relationship and Designated Agency Relationship - correct...

"Equity" meaning - correct answer The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property Definition of "Mortgage" - correct answer The pledging of real property to a loender as security for a debt. In other words, a mortgage represents the security over property given to a lender for repayment of a loan. Meaning of redemption (as related to mortgages) - correct answer The act of pe...

Self regulation - correct answer -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests - correct answer Interest of brokerage at odds with brokerage client Fiduciary duties - correct answer -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose conflicts of interest Com...

What is the RMS? - correct answer Residential Measurement Standard 4 qualities of a standard - correct answer 1. It must be objective (ie Uniform, consistent) 2. It mut apply to an object or process that can be quantified (i.e. measured) 3. It's results must be verifiable (i.e. repeated by others) 4. It's results must be quantifiable (i.e. measurable) What is a measurement standard as it relates to property use? - correct answer is an objective and consistent method to det...

What are the two types of laws? - correct answer Statute law: Federal or Provincial law Common law: Laws based on previous decisions on similar matters When you make an agreement/contract with a client is that agreement with you or the brokerage? - correct answer it is not with you, it is with the brokerage There are representative relationships and non-representative relationship relationships. When does it become a representative relationship? - correct answer When they...

Difference between a Customer, Common Law Agency and a Designated agency relationship - correct answer Customer Relationship is when a consumer represents themselves and is a customer to the real estate representative or broker. Common Law Agency Relationship is a client relationship which the brokerage represents the buyer. Designated Agency Relationship is a client relationship which the REP represents the buyer as a designated agent. 6 responsibilities of a REP to their clients ...

Real Estate - correct answer land and fixed improvement to the land if an item cannot be removed from property without damage to the property, it is considered a fixture and part of real estate (include portable dwellling) industry member - correct answer any person authorized by RECA as real estate broker, mortgage broker or real estate appraiser, include any class of licensing and registration issued by RECA economics - correct answer macroeconomics: analyzes economy-wid...

What are other terms used for a "Bell Shape" on an Equalizer? - correct answer - Peaking Filter - Band Shelf - Peak/Dip What is an equalizer? - correct answer A signal processor that can increase or decrease the level of a specific Frequency Band. What controls you might find on an Equalizer/Filter? - correct answer Frequency Gain Shape Slope Q True or false: An "Equalizer" is the same as a "Filter" - correct answer False True or False: When you have a...

General Power of Attorney - correct answer -No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney - correct answer -Has specific of limited powers in regards to the donor -Also referred to as a Limited Power of Attorney Immediate Power of Attorney - correct answer -Makes financia...

duty-based ethics - correct answer Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - correct answer Sells the optimal result for the greatest number of people Advisory note - correct answer Punishment for a technical breach Administrative penalty/ fine - correct answer One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of ...

Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) - correct answer 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on investment 1. Long-lasting, Du...