ALBERTA REAL ESTATE EXAMS SET 2025 QUESTIONS AND ANSWERS RATED A+, Exams of Business and Labour Law

✔✔Post-Licensing education (first renewal) - ✔✔1. Complete req SA or broker education and pass course final exam (75% or more) 2. Pay renewal fee ✔✔Continuing Education (CE) - ✔✔1. Every two years, 14 hours course and pay renewal fee ✔✔Mutual Recognition - ✔✔- Consists of contractual agreements where a limited number of states recognize the similarity in the content of their mutual education and experience requirements for real estate licensing. These states involve, Alabama, Arkansas, Connecticut, Georgia, Illinois, Mississippi, Nebraska, and Rhode Island. - May bypass pre-license req or take 40 questions examination with a 75% or more. Must take all post-licensing and CE. ✔✔Initial License Application - ✔✔Package sent to DBPR must include: 1. Completed license App: SA must send #DBPR RE 1. Must include Full Name and other personal info. 2. Fee Payment: initial license app fee to DBPR 3. Electronic fingerprints: Sent to FDLE and FBI. Retained for 12

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ALBERTA REAL ESTATE EXAMS SET 2025 QUESTIONS AND
ANSWERS RATED A+
✔✔Post-Licensing education (first renewal) - ✔✔1. Complete req SA or broker
education and pass course final exam (75% or more)
2. Pay renewal fee
✔✔Continuing Education (CE) - ✔✔1. Every two years, 14 hours course and pay
renewal fee
✔✔Mutual Recognition - ✔✔- Consists of contractual agreements where a limited
number of states recognize the similarity in the content of their mutual education and
experience requirements for real estate licensing. These states involve, Alabama,
Arkansas, Connecticut, Georgia, Illinois, Mississippi, Nebraska, and Rhode Island.
- May bypass pre-license req or take 40 questions examination with a 75% or more.
Must take all post-licensing and CE.
✔✔Initial License Application - ✔✔Package sent to DBPR must include:
1. Completed license App: SA must send #DBPR RE 1. Must include Full Name and
other personal info.
2. Fee Payment: initial license app fee to DBPR
3. Electronic fingerprints: Sent to FDLE and FBI. Retained for 12 months.
4. Supporting Legal Doc: disclose criminal past.
✔✔F.S. 455.229(1) - ✔✔All information received by the Department from an applicant,
including email, is a matter of public record, except for the following: financial and
medical information, school transcripts, examination questions and answers, papers,
grades, grading keys.
✔✔Application Approval or Denial - ✔✔- DBPR has 30 days to review app errors,
approved or denied within 90 days [F.S. 120.60]
- If misrepresensation occurs (false statement, omit criminal information), the
Commission may declare candidate not eligible for license.
- Approval: If approved, must pass state exam within two years
- Denial: Notification in writing identifying the reasons and give 21 days to request
formal hearing.
✔✔Members of the Armed Forces - ✔✔- Military Veteran/Spouse fee waiver request"
form must be sent within 60 months after the veteran had honorable discharge.
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ALBERTA REAL ESTATE EXAMS SET 2025 QUESTIONS AND

ANSWERS RATED A+

✔✔Post-Licensing education (first renewal) - ✔✔1. Complete req SA or broker education and pass course final exam (75% or more)

  1. Pay renewal fee ✔✔Continuing Education (CE) - ✔✔1. Every two years, 14 hours course and pay renewal fee ✔✔Mutual Recognition - ✔✔- Consists of contractual agreements where a limited number of states recognize the similarity in the content of their mutual education and experience requirements for real estate licensing. These states involve, Alabama, Arkansas, Connecticut, Georgia, Illinois, Mississippi, Nebraska, and Rhode Island.
  • May bypass pre-license req or take 40 questions examination with a 75% or more. Must take all post-licensing and CE. ✔✔Initial License Application - ✔✔Package sent to DBPR must include:
  1. Completed license App: SA must send #DBPR RE 1. Must include Full Name and other personal info.
  2. Fee Payment: initial license app fee to DBPR
  3. Electronic fingerprints: Sent to FDLE and FBI. Retained for 12 months.
  4. Supporting Legal Doc: disclose criminal past. ✔✔F.S. 455.229(1) - ✔✔All information received by the Department from an applicant, including email, is a matter of public record, except for the following: financial and medical information, school transcripts, examination questions and answers, papers, grades, grading keys. ✔✔Application Approval or Denial - ✔✔- DBPR has 30 days to review app errors, approved or denied within 90 days [F.S. 120.60]
  • If misrepresensation occurs (false statement, omit criminal information), the Commission may declare candidate not eligible for license.
  • Approval: If approved, must pass state exam within two years
  • Denial: Notification in writing identifying the reasons and give 21 days to request formal hearing. ✔✔Members of the Armed Forces - ✔✔- Military Veteran/Spouse fee waiver request" form must be sent within 60 months after the veteran had honorable discharge.
  • Military licensees can keep their license without renewing or paying dues or fees for two years after honorable discharge.
  • Professional license ✔✔Pre-license education requirement - ✔✔- Exempt if received a 4-year degree on RE.
  • Accomodations request are possible upon Commission
  • Pre-license courses offered must be approved by the Department.
  • Classroom Instruction: mandatory attendance with no more than 8 hours missed. If making up hours, must take final examination within 30 days.
  • Distance Learning (online)
  • If failed course exam, student must wait 30 days and have until 1 year to take it again without taking the course. If failed again, must retake course after 30 days.
  • Need 70% or higher, 100 questions, timed. If passed, receives Certificate of Completion to take RE state exam. ✔✔Pre-license education for Sales Associates and Brokers - ✔✔- For SA, complete approved FREC I course of 63 hours + final exam
  • For Broker, complete approved FREC II course of 72 hours + final exam ✔✔The State License Exam - ✔✔- By independent testing service that charges a fee to take the exam with them.
  • Has 100 multiple-choice questions, 45 RE Law, 45 RE Principles and Practices, 10 RE Mathematics.
  • Must get 75% or more to pass exam.
  • If passed, Department will receive letter with applicant picture indicading passed exam. Has inactive license, must now get employed for active license
  • If failed, will receive letter with score by category. Must wait at least 24 hours to retake exam. Applicant can schedule appointment to review wrong answers ✔✔Sales Associate or Broker Associate Employments - ✔✔- Employment by a Broker: acts as the broker's agent in performing services of RE. Only one broker at a time and under a registered broker by the Department.
  • Employment by an Owner-Developer: Buys, owens and develops RE. Must register with the Department, but no license. Acts as the owner-developer's agent in performing services of RE and also for compensation only. Can hire unlicensed to sell property they own with a salary. If by commission or transaction-based, must hire a licensed person. ✔✔Licensure and Registration - ✔✔- Licensure: granting license to practice profession.
  • Registration: placing and keeping on record the name and address of an individual or business. Kept by DRE

✔✔DBPR conformed by - ✔✔- Head: Secretary, appointed by governor and confirmation of senate. No set term limit. ✔✔Main office of DBPR located in - ✔✔Tallahassee, Florida ✔✔Division of Real Estate (DRE) - ✔✔- Protects public by regulation of RE and appraisal licensees through education and compliance, pursuant to F.S. 475.

  • In charge of examination, licensing, and regulation of individuals, corporations, RE schools,, and instructors. ✔✔Division conformed by - ✔✔Director appointed by the secretary of the Department, subject to approval from FREC (Commission). ✔✔Main office of Division located in - ✔✔Orlando, Florida ✔✔The Department (DBPR) - ✔✔- Licensing and regulation of real estate professions
  • Seek injuctions from court against licensees for failure to follow Department orders.
  • Cease-and-Desist orders against unlicensed parties for violation of rules
  • Citations up to $5,000 per offense
  • Conducts investigations and prosecution of complaints thru Division.
  • Civil penalties $500-$5,
  • Issues and renews all licensees for all professions administered under F.S. 455
  • Applicants screened via F.S. 409 to confirm compliance w/child support obligations
  • If faulty answers, Commission considers it third degree felony and may look for punitive action. ✔✔Department Differences - ✔✔- Department: authority
  • Commission: followed by ^
  • Division: day-to-day operations ✔✔Lincesing School and Applicants - ✔✔- All permits are issued for a two-year period, which expires on September 30th of odd years (like 2025) ✔✔The Commission (FREC) - ✔✔Has four powers:
  • Executive Powers
  • Quasi-Legislative Powers
  • Quasi-judicial Powers
  • Ministerial Powers ✔✔Commission Executive Powers - ✔✔- Publication of books and newsletters to keep everyone informed of new and important changed in the law and rules.
  • Exercised by the chairperson acting alone or delegated by quorum vote to any other member. ✔✔Commission Quasi-Legislative Powers - ✔✔- Make and pass rules that regulate the operation of licensees. Implement and interpret law.
  • Cannot be delegated, must be a quorum vote.
  • These rules do not require other approval, become effective 20 days after filled with the secretary of state. These cannot be in conflict with the U.S. Constitution. ✔✔Commission Quasi-Judicial Powers - ✔✔- Impose disciplinary action for violations of laws or rules.
  • Authority to deny, fine or place licensees on probation.
  • Cannot be delegated and req quorum vote. ✔✔Commission Ministerial Powers - ✔✔- Record keeping and clerical functions, the Division employees. ✔✔Disciplinary Authority of the Commission - ✔✔If guilty of any violation: a. Reprimand or administative fine up to $5,000 per offense b. Probation c. License suspended for up to 10 years d. Permanently revoked ✔✔Composition of the Commission - ✔✔- 4 licensed brokers (5 years)
  • 1 member licensed broker or sales associate (2 years)
  • 2 lay members, no broker or SA (public input) One must be at least 60 years old or older 4 year terms, not consecutive terms, but no limit terms ✔✔License extra information - ✔✔- Initial license valid for two years
  • All licenses expire on March 31st or September 30th, any year
  • Renewal letter notice is sent about 60 days prior expiration. These renewals must also include applicable fees ✔✔CH4 Common Law - ✔✔- Unwritten Law, not passed by legislature
  • Sum of court decisions over time
  • Compensatory Damages: civil penalties, from measurable loss.
  • Punitive Damages: monetary penalty, additional.

✔✔Single Agent - ✔✔When a broker accepts employment under a single agency agreement, either seller or buyer. ✔✔Listing - ✔✔broker's employment contract that states the terms and conditions that the broker must meet to become eligible for compensation.

  • To find purchaser: entitled for compensation when a ready, willing, and able buyer that has met all of the seller's req.
  • Effect a sale: broker entitled to compensation upon consummation (closing) of the contract. ✔✔The Sherman Antitrust Act and the Clayton Act - ✔✔Federal laws that make it illegal to discuss or establish a uniform price or fee for services in any industry. ✔✔Real Estate Settlement Procedures Act (RESPA) - ✔✔Allows brokers to pay referral fees between real estate agents and brokers without disclosure. ✔✔CH5 Temporary Shelter - ✔✔protection for sales associates and customers, but not considered to be a branch office ✔✔Advertising - ✔✔Registered name of brokerage, sales associate's name may appear in addition as registered in DBPR. Institutional - creates image for brand, not sell a product Specific (product) - sell product Internet - Same as printed. Name must be above or below contact information. Blind - illegal, without brokerage name. ✔✔Point of Contact - ✔✔broker's mailing address, phone number, fax number, or email address ✔✔Earnest Money Deposit - ✔✔Shows Good Faith Deposit from buyer along with offer. It acts to protect the seller in case anything goes wrong for putting house of out listing (liquidated damages) ✔✔postdated check - ✔✔Promissory note and can be earnest money with seller's approval ✔✔Deposit placed with title company or attorney - ✔✔- Indicate name, address, phone number of them.
  • 10 days, licensee's broker must make written request for written verification that they have it.
  • Within 10 days after such, must provide seller's broker w a copy of the written verification or no verification received. ✔✔Escrow Account - ✔✔- Broker must open separate account for such purpose.
  • May be held in commercial bank, title comp, which has trust powers, credit union, or savings/loan assoc located in FL.
  • Up to $1,000 personal/business funds in SALES escrow acc.
  • Up to $5,000 persona/business funds in MANAGEMENT escrow acc. ✔✔Depositing Escrow Funds - ✔✔- Deliver deposit no later than the end of next business day.
  • Broker put earnest money to escrow account no later than the end of the third business day ✔✔Escrow Disputes - Conflicting Demands - ✔✔Give written notification to Commission (15 days) from last demand.
  • Mediation (written consent): Third party to assist with agreement. Cant impose decisions, completed within 90 days.
  • Arbitration (written consent): Agree in advance to abide to arbitrator's decision. Issues award that can be enforced in civil law suit.
  • Litigation (court action): two options... Bill of Interpleader (no claim) - funds to registry, pending settlement, broker awarded court costs and fees. Declaratory Decree (claim) - money to registry, pending settlement, broker must pay court costs and fees.
  • Escrow Disb. Order - Requests to the Commission to determine decision. Broker must follow decision by law, can appeal but broker subject to civil damages. ✔✔Rental Information - ✔✔- written contract to get commission
  • 75% refund if the tenant did not like anything offered
  • 100% refund if misrepresentation and 1st degree misdemeanor 1,000 fine and a year in jail ✔✔Change of Employer or Address - ✔✔Must notify within 60 days and comply with nonresident requirements. ✔✔Sole Propietor - ✔✔Sole Propietor - Business formed by an individual, liable for actions and employees. No filing papers required

Second-Degree Misdemeanors: Up to $500 and/or imprisonment for max 60 days. [ misleading, false ad ] Third-Degree Misdemeanors: Up to $5,000 and/or imprisonment for max 5 years. [ Acting as a broker/SA without license, misleading information for license, etc ] ✔✔Civil Penalties - ✔✔Fines or financial payments imposed by a state or federal agency for violation of laws or regulations. Imposed to compensate rather than punishment.

  • Commission helps in case of fraud from licensee. ✔✔Administrative Penalties - ✔✔Commission has legal authority under which investigations and hearings are conducted, by F.S. 120, Administrative Procedure Act. Involves Mitigating (extenuating) and Aggravating circumstances ✔✔Concealment - ✔✔brokers fails to disclose information to a party. ✔✔Culpable Negligence - ✔✔If a broker operates in a reckless, careless, and excessively negligent manner, legally accountable. Forgetting to collect escrow money. ✔✔Rendering an opinion of title - ✔✔A broker cannot render a opinion that the title to the property being sold is good or merchantable Could be considered as practicing law, which is beyond the scope of a real estate license. ✔✔Using lotteries - ✔✔A broker who uses lotteries or trading schemes that involves the selling of certificates or chances to induce any person to buy real estate is guilty of fraud. ✔✔Range of Penalties - ✔✔Per violation of F.S. 475 is up to $5, ✔✔Disciplinary Process - ✔✔1. Complaint
  1. Investigation
  2. Probable Cause Panel
  3. Administrative Complaint
  4. Formal/Informal Hearing
  5. Final Order of the Commission
  6. Judicial Review ✔✔Step 1: Complaint - ✔✔Complaint analyst reviews the complaint for or letter that describes the alleged violation to determine if legally sufficient - contains supporting evidence.C

✔✔Step 2: Investigation - ✔✔If legally sufficient, complaint is sent to the enforcement section of the DIVISION, case number is assigned and investigator is appointed. The Department issues a subpoena and submit report to Division. CEASE-AND-DESIST ORDER: a written notice demanding that the recipient immediately stop an illegal or allegedly illegal activity. ✔✔Step 3: Probable Cause Panel - ✔✔Determines if it violated any laws and the panel has 15 days in which to make a request for additional information. Once report is completed, the panel has 30 days to recommend dismissal of the case oor the issuance of a formal complaint. ✔✔Step 4: Administrative Complaint - ✔✔Formal complaint, it is filled against the individual who is the subject of the complaint, the respondent.

  • The Commission allows 21 days for the respondent to file an Election of Rights form. No answer? Hearing!
  • Stipulation: alternative method to settle a charge when a respondent does not wish the matter to go to a formal hearing.
  • Negotiate for settlement agreement. ✔✔Step 5: Formal/Informal Hearing - ✔✔Informal Hearing: if respondent does not dispute facts Formal Hearing: if respondent disputes facts ✔✔Step 6: Final Order of the Commission - ✔✔Final order panel composed of all Commission members except those who served in probable cause findings. Final order becomes effective in 30 days. ✔✔Step 7: Judicial Review - ✔✔Can file petition for review with the Florida District Court of Appeals within 30 days of the final order. ✔✔Florida Real Estate Recovery Fund - ✔✔is funded from licensing fees. When it reaches a million, fees stop until it goes down to $500k.
  • If a licensee acted in the capacity of a buyer or seller only, the licensee would be eligible to collect following the same procedures as any other member of the public. ✔✔Civil Rights Act of 1866 - ✔✔prohibited discrimination in housing based on race ✔✔Fair Housing Act of 1968 - ✔✔prohibited discrimination in housing based on race, color, religion or national origin. ✔✔Fair Housing Amendment Act of 1988 - ✔✔prohibited discrimination in housing: handicap and families

✔✔Natural Processes - ✔✔Erosion = loss of soil that is carried away by water washing against a riverbank or beach. Accretion = increase in land area as moving water deposits soil in other than its original location. Alluvion = soil resulting from accretion. Reliction = exposure of dry land once covered by water when the level in a lake recedes, or a river or stream changes course. ✔✔Four tests to determine Real vs. Personal property - ✔✔Intent of Parties Relationship of the Parties - lease may indicate that improvements made by tenant during term of contract may be removed at the expiration of it. Method of Annexation - If removal causes damages to real property, then it becomes part of real estate property. Adaptation of Article - necessary to fulfiill purpose and utility for which building was constructed? ✔✔Five Bundles of Legal Rights - ✔✔These rights include the right of possession, the right of disposition, the right of control, the right of exclusion, and the right of enjoyment. ✔✔Estate Defined - ✔✔Degree, quantity, nature, and extent of interest or ownership rights a person can have in real property. Tenant = party entitled to rights Owner of Property = renant with reference to their property ✔✔Freehold Estate - ✔✔An estate in land in which ownership is for an indeterminate length of time, in contrast to a leasehold estate. Estate in Severalty - sole ownership of entire bundle of rights, may leave a will Tenancy in Common - fee estate held by two or more persons, with undivided interest, equal/unequal shares, equal rightsof use, can sell their portion without affecting others, NO RIGHT OF SURVIVORSHIP. Joint Tenancy - Equal and undivided interests. Created when possession, interest, time, and title are present. RIGHT OF SURVIVORSHIP. Tenancy by the Entireties - husband and wife only, RIGHT OF SURVIVORSHIP.

Life Estate - Grantor creates party, may wish to have property ownership returned to them or to their heirs (Reversion Estate), or passed to another person. Remainder Estate = Someone else other than original owner., third party. ✔✔Non-Freehold Estate - ✔✔Tenancy at Will - tenant in lawful possession of property under agreement with the landlord, no definite time limit for the rights to terminate. Period-to-period tenancy. Tenancy for Years - tenant in lawful possession of property under agreement with the landlord, specified time limit for the rights to terminate ✔✔Elective Share - ✔✔Florida enacted share provisions to create a balance of rights in property between marital partners. Provides for surviving spouse to be entitled to 30% of decendent's real and personal property pwned at the time of death. ✔✔Constitutional Homestead Rights - ✔✔Exempts homestead property from the execution and for sale of the property to satisfy personal judgment lien such as personal loans or credit card debt which are held against the head of the household. These override any attempted disposition in a will, with only one exception. May be left in fee simple to the surviving spouse if no minor children. ✔✔Master Insurance Policy - ✔✔A policy obtained by a condominium association that covers replacement or repairs of the buildings and liability. The policy generally covers the four walls outside of an individual condominium. ✔✔Required HOA Disclosures - ✔✔F.S. 720.401 requires homeowners association disclosure be provided to buyers when membership in such association is required. ✔✔CH10 Legal Descriptions - ✔✔Used to identify a parcel's location on the face of the Earth in a manner that rules our duplication or confusion with any other parcel. Used in legal documents for properties. ✔✔Surveyor's Method (Metes and Bounds) - ✔✔The oldest method of land description and provides the most accurate type of legal description. Describes regularly or irregularly shaped tracts of real estate, using: Metes = distance such as inches, feet, yards, and miles. Bounds = angles and directions. Monuments = fixed objects used to establish boundaries, fixed markers Point of beginning (POB) = survey gives directions from monument to the edge of property, called POB. Directions always start with either S or N followed by the number of degrees E or W up to a max on 90 degrees.

This agreement is used to grant first lien status to a lienholder who would otherwise be secondary to a first lien. ✔✔Defeasance Clause - ✔✔Provides protection for the borrower as it requires the lender to acknowledge performance by the borrower ✔✔