Alberta Real Estate Licensing Exam Practice · Question
A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-Value (LTV) ratio?
LTV ratio = (Mortgage Amount / Property Price) * 100 = ($440,000 / $550,000) * 100 = 0.80 * 100 = 80%.
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Question: A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-Value (LTV) ratio?
Answer options:
- 75% ✅ 80%
- 85%
- 90%
Correct answer: 80%
Explanation: LTV ratio = (Mortgage Amount / Property Price) * 100 = ($440,000 / $550,000) * 100 = 0.80 * 100 = 80%.
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- Commission in Alberta is:
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