Alberta Real Estate Fundamentals Exam Questions & Answers (Grade A+).docx

Alberta Real Estate Fundamentals
Exam Questions & Answers (Grade
A+)
Real Estate -
correct answer✅The land and fixed improvements to the land


Classes of License -
correct answer✅1. Associate
2. Associate Broker
3. Broker


4 Areas of Practice -
correct answer✅1. Residential
2. Commercial
3. Rural
4. Property Management


Mobile homes fall under the same category as recreational
properties -
correct answer✅False

, Alberta Real Estate Fundamentals
Exam Questions & Answers (Grade
A+)
Industrial Properties -
correct answer✅Include warehouses and custom-built
manufacturing plants


Residential Income property -
correct answer✅Include low-rise and high-rise apartments,
duplexes, fourplexes, and townhouses


Characteristic: Scarce -
correct answer✅Identifies real estate as a limited resource


Characteristic: Durable -
correct answer✅Identifies real estate as indestructible


Characteristic: Fixed -
correct answer✅Identifies real estate as immobile


Characteristic: Unique -
correct answer✅Identifies parcels of land as being different from
one another