PRACTICE OF PROPERTY MANAGEMENT REAL ESTATE COUNCIL OF ALBERTA EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) | ALREADY GRADED A+

1 PRACTICE OF PROPERTY MANAGEMENT REAL ESTATE COUNCIL OF ALBERTA EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) | ALREADY GRADED A+ What are the five main areas of the sales process? - ANSWERProspecting, qualifying, presenting, closing, follow-up Someone purposely making their chair higher than the other's is: - ANSWER- positioning What is sole agency? - ANSWER- The agent only represents one client in a transaction A mica-like mineral, when subjected to a heating process, pops or puffs up, creating air pockets. The expanded form was used in insulation. this is: - ANSWER- vermiculite The mortgagee is the: - ANSWER- lender 2 What essential element has to do with delivering a signed copy of the offer to purchase to all parties? - ANSWER- Mutual agreement True or false: the main difference between a customer and a client is engagement. - ANSWER- true What are the 5 C's of credit? - ANSWER- Character, Capacity, Capital, Collateral, Conditions Which principle protects the owner of the title? - ANSWERinsurance principle what is a ground fault circuit interrupter designed to do? - ANSWER- prevent electrical shocks by detecting small variations in current flow True or false: if a person signed a contract and purposely made a mistake because they did not have the money to proceed, then the contract can be voided because of the mistake. - ANSWERFalse True or false: a party wall agreement is the same as a mutual easement. - ANSWER- True