Real Estate Council of Alberta Fundamentals Practice Exam

What is a Real Property Report?

1. A survey document produced by a certified architect

2. A document produced by an Alberta Land Surveyor

3. A report regarding property taxes and assessments

4. A legal document confirming property ownership

The correct answer is: A document produced by an Alberta Land Surveyor

A Real Property Report (RPR) is specifically a document produced by a certified Alberta Land Surveyor. This document shows the relative locations of various features on a property, including buildings, fences, and any encroachments, as well as the boundaries of the property itself. It is a key component in property transactions, as it provides important information regarding compliance with zoning by-laws and municipal requirements. The role of a certified Alberta Land Surveyor is crucial, as they have the professional expertise required to accurately measure and map the property. An RPR can be used for various purposes, including confirming proper property boundaries and ensuring that all structures comply with legal requirements. It is often required by lenders and municipalities to confirm that improvements on the property meet all regulations. The other options, while related to property management and ownership, do not accurately define what a Real Property Report is. For example, while a survey conducted by an architect may provide architectural insights, it lacks the legal significance and specific requirements that an RPR entails. Similarly, property tax reports deal with financial assessments, and legal documents confirming ownership address different aspects of property rights rather than physical property boundaries and structures. Thus, the designation of the RPR as a document produced by an Alberta Land Surveyor is