Alberta Real Estate Licensing Exam Practice · Question
Daniel is a farmer purchasing an adjacent 80-acre parcel from his neighbour, Emily. Daniel's primary concern is ensuring he has full control over any future resource development on the land. Which of the following is crucial for Daniel to confirm regarding the property ownership?
In Alberta, surface rights and mineral rights can be severed and owned by different parties. If Daniel wants control over resource development, he must confirm
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
Question: Daniel is a farmer purchasing an adjacent 80-acre parcel from his neighbour, Emily. Daniel's primary concern is ensuring he has full control over any future resource development on the land. Which of the following is crucial for Daniel to confirm regarding the property ownership?
Answer options:
- That Emily holds surface rights only, as mineral rights are always Crown-owned. ✅ That Emily owns both the surface rights and the mineral rights for the parcel.
- That the property has an existing agricultural zoning designation.
- That the property has a valid water licence registered in Emily's name.
Correct answer: That Emily owns both the surface rights and the mineral rights for the parcel.
Explanation: In Alberta, surface rights and mineral rights can be severed and owned by different parties. If Daniel wants control over resource development, he must confirm that Emily, and subsequently he, will own both the surface and mineral rights, as per the Land Titles Act.
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
More about Alberta Real Estate Licensing Exam Practice
Related Questions
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
- A brokerage receives a certified cheque for a $15,000 deposit on a residential property. Within how many busin
- A real estate associate, Maria, wants to purchase a property that her brokerage has listed. What is Maria's pr
More for Alberta Real Estate Licensing Exam Practice candidates
Study guides
FAQs
Question explanations
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Alberta Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.