PLEASE SOMEONE HELP MULITPLE CHOICE 5000 I KEEP GETTING WRON

PLEASE SOMEONE HELP MULITPLE CHOICE. $50.00 I KEEP GETTING WRONG ANSWERS

33 has been a very successful salesperson with ABC Realty Inc. She has independent contractor tatus and has been working out of a branch office of ABC Realty Inc. Natasha now Wishes to work from her ather than the branch office so she has more time to spend with her family with less travel time to an office. Dased on the requirements of the Real Estate and Business Brokers Act (REBBA) 2002, would ABC Reality Inc. be required to register Natasha\'s home as a branch office as well? aNO, ABC Realty Inc. would not be required to register Natasha\'s home as a branch office if the public is not being invited in order to conduct a real estate trade. o Yes, any salesperson with an office in their home must have the approval of the broker of record and ABC Realty Inc. would then be required to register her home as a branch office. C Yes, ABC Realty Inc. will be required to register Natasha\'s home as a branch office because she is an independent contractor. If Natasha was an employee, the brokerage would not have to register her home as a branch office. d No, under REBBA 2002, Natasha would be required to have a broker designation in order to work from home and then ABC Realty Inc. would register her home as a branch office. 34 When a mortgagee is selling a property under power of sale, the mortgagee will take certain steps to actively market the property in order to sell it for fair market value. Which of the following statements describes a practice that could expose the lender to possible litigation because less than fair market value was obtained when selling under power of sale? a Not making sure the sale is an arm\'s length transaction, b Exposing the property to as many potential buyers as possible. C Avoiding a quick sale for the property by ensuring a reasonable marketing time. d Obtaining a formal appraisal in order to estimate fair market value 35 The location of a fence can be a common dispute between two neighbours. Provisions in the Line Fences Act may impact the construction of a fence. Which of the following statements is correct with respect to the Act? . The Act allows a property owner to erect arence to identify their property boundaries, but does not anolvit the fence is located within their own property. h The purpose of the Act is to give municipalities the right to establish regulations regardi sh regulations regarding the construction standards for fences. The Act provides a method orie The Act provides a method of resolving a dispute regarding the location of a boundary line between adjoining property owners. uires individuals to be elected to the position of fence viewer for the inspection of fences within an d The Act requires individuals to be elected to the unorganized territory. _Page 14 of 4

Solution

33)

Correct answer: a)

No, ABC Realty Inc. would not be required to register Natasha’s home as a branch office if the public is not being invited in order to conduct a real estate trade.

34)

Correct answer: a)

Not making sure the sale is an arm’s length transaction

35)

Correct answer: c)

The act provides a method of resolving a dispute regarding the location of a boundary line between adjoining property owners.