Alberta Real Estate Licensing Exam Practice · Question
A real estate associate is explaining unit factors to a prospective buyer of a new condominium unit in Grande Prairie. What do unit factors primarily determine within a condominium corporation?
Unit factors, as defined under the Condominium Property Act, determine a unit owner's proportionate share of common expenses and their voting rights within the
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Question: A real estate associate is explaining unit factors to a prospective buyer of a new condominium unit in Grande Prairie. What do unit factors primarily determine within a condominium corporation?
Answer options:
- The market value of an individual condominium unit. ✅ The number of votes allocated to each unit owner and their share of common expenses.
- The maximum number of occupants allowed in each condominium unit.
- The age and condition of the common property components.
Correct answer: The number of votes allocated to each unit owner and their share of common expenses.
Explanation: Unit factors, as defined under the Condominium Property Act, determine a unit owner's proportionate share of common expenses and their voting rights within the condominium corporation.
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