Quiz_________________?
5 C's of Borrower Credit -
Answers✅
Character, Capital, Capacity, Collateral, Credit
Quiz_________________?
5 Ds of Role Clarity -
Answers✅
1. Discuss
2. Determine
3. Document
4. Disclose
5. Do
Quiz_________________?
Abandoned wells -
Answers✅
- physical threat
- allowing surface runoff to directly enter an aquifer
1
, - permitting cross contamination of different aquifers by a well bore
can tell that its running dry
- air bubbles in waterline
- no water flow
- water outages after heavy use
- pump does not produce as much water as it used to
- pump runs for long time before shutting off
- low water pressure
- sediment in water making it appear muddy
Quiz_________________?
Alberta Building Code -
Answers✅
Legislation that establishes technical specifications for new building construction and
construction materials
Quiz_________________?
Alberta Safety Codes Act -
Answers✅
provincial legislation that sets specifications for new building.
Quiz_________________?
Alberta Wildlife Act -
Answers✅
- to identify, recover and protect species at risk
2
, Quiz_________________?
Alternative energy sources -
Answers✅
- solar panels
- wind energy
- solar shingles
- geothermal energy systems
Quiz_________________?
Borrower vs Lender -
Answers✅
Borrower obligations
- repay mortgage and loan interest
- keep property adequately insured
- maintain the condition of the property
- pay any charges against the title
Rights
- possession of property
- redeem or further mortgage the property
- receive a discharge of the mortgage
Lender Obligations
- discharge the mortgage upon payment
- Not interfere with borrowers use of property
- Provide annual statement of principal, interest and taxes
3
, Rights
- assign the mortgage
- be paid under terms of mortgage
Quiz_________________?
Building Floors -
Answers✅
Beams - structural components that create base
Joist - support part of structure, placed horizontal - supports floor or ceiling
Bridging/Blocking - adds to load carrying capabilities and reduces the potential for
movement.
Quiz_________________?
Building Permit -
Answers✅
typically valid for one year during which construction process must be initiated
Quiz_________________?
CADS -
Answers✅
document used to register encumbrances, financial obligations, and pending litigations
- includes legal description, name of condo corp and address, number of units, registered
bylaws, any financial obligations
found on SPIN2
4