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RECA/Alberta Real Estate Bundled Exams Questions and Answers | 100% Verified and Updated 2024
RECA/Alberta Real Estate Bundled Exams Questions and Answers | 100% Verified and Updated 2024
[Show more]RECA/Alberta Real Estate Bundled Exams Questions and Answers | 100% Verified and Updated 2024
[Show more]Unit 1 RECA Exam Questions and Answers (Graded A) 
Define real estate -Answer-refers to land and fixed improvements to land (permanent) 
What are the building classifications -Answer-Residential 
Commercial 
Retail 
Institutional 
Agricultural 
Real Estate Sectors/Property Types -Answer-Residential ...
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Add to cartUnit 1 RECA Exam Questions and Answers (Graded A) 
Define real estate -Answer-refers to land and fixed improvements to land (permanent) 
What are the building classifications -Answer-Residential 
Commercial 
Retail 
Institutional 
Agricultural 
Real Estate Sectors/Property Types -Answer-Residential ...
RECA Exam Study Questions with correct Answers 
Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his 
brother's house for sale with the brokerage. A real estate professional with another brokerage 
contacts Carl and asks to preview the property as she h...
Preview 2 out of 8 pages
Add to cartRECA Exam Study Questions with correct Answers 
Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his 
brother's house for sale with the brokerage. A real estate professional with another brokerage 
contacts Carl and asks to preview the property as she h...
Reca CH1 Quiz 2024 -100% Solved 
Which of the following is NOT a non-price determinant of demand? 
A) Market size 
B) Costs of production 
C) Availability of credit 
D) Consumers' disposable income -Answer-C) Availability of credit 
Which entity has the authority to amend the Real Estate Act? 
A) R...
Preview 2 out of 7 pages
Add to cartReca CH1 Quiz 2024 -100% Solved 
Which of the following is NOT a non-price determinant of demand? 
A) Market size 
B) Costs of production 
C) Availability of credit 
D) Consumers' disposable income -Answer-C) Availability of credit 
Which entity has the authority to amend the Real Estate Act? 
A) R...
RECA fundamentals study guide with complete solutions 
duty-based ethics -Answer-Individual is expected to do the right thing cause it's the right thing to 
do, regardless of outcome 
utalitarian ethics -Answer-Sells the optimal result for the greatest number of people 
Advisory note -Answer-Punish...
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Add to cartRECA fundamentals study guide with complete solutions 
duty-based ethics -Answer-Individual is expected to do the right thing cause it's the right thing to 
do, regardless of outcome 
utalitarian ethics -Answer-Sells the optimal result for the greatest number of people 
Advisory note -Answer-Punish...
3x sold
Practice of Property Management- Real Estate Council of 
Alberta Exam Questions and Answers 2024 
Types of Properties -Answer-1. Single Family Residential 
2. Multi Family Residential: Low High, Mid Rise High Rise, Row Housing 
3. Cooperative 
4. Condominium 
5. Commercial 
Forms of Ownership -Answe...
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Add to cartPractice of Property Management- Real Estate Council of 
Alberta Exam Questions and Answers 2024 
Types of Properties -Answer-1. Single Family Residential 
2. Multi Family Residential: Low High, Mid Rise High Rise, Row Housing 
3. Cooperative 
4. Condominium 
5. Commercial 
Forms of Ownership -Answe...
RECA Residential Exam 2024 Questions and Answers 
Fiduciary Representation -Answer-- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity -Answer-1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing -Answer-- the nature of services provided 
- whethe...
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Add to cartRECA Residential Exam 2024 Questions and Answers 
Fiduciary Representation -Answer-- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity -Answer-1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing -Answer-- the nature of services provided 
- whethe...
RECA Residential Unit 7 Exam Questions and Answers 2024 
under which Act/Law are all Alberta municipalities empowered to shape their communities? - 
Answer-MGA - The Municipal Government Act 
Which department is responsible for administration of the MGA? -Answer-Municipal Affairs is 
the department ...
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Add to cartRECA Residential Unit 7 Exam Questions and Answers 2024 
under which Act/Law are all Alberta municipalities empowered to shape their communities? - 
Answer-MGA - The Municipal Government Act 
Which department is responsible for administration of the MGA? -Answer-Municipal Affairs is 
the department ...
RECA Residential Unit 2 Exam Questions and Answers 
9 things that, when representing sellers, REPs can do -Answer-1. Identify the features, qualities, 
and advantages that relate to the sellers' property 2. Describe the property appropriately in the 
applicable listing service and property database...
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Add to cartRECA Residential Unit 2 Exam Questions and Answers 
9 things that, when representing sellers, REPs can do -Answer-1. Identify the features, qualities, 
and advantages that relate to the sellers' property 2. Describe the property appropriately in the 
applicable listing service and property database...
RECA Commercial Unit2 Exam Questions and Answers 2024 
Commercial real estate assets have a number of attributes that make them unique relative to other 
types of investments. These attributes include the following: (x10) -Answer-1. They involve land 
2.Transaction time frames are long 
3. Transacti...
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Add to cartRECA Commercial Unit2 Exam Questions and Answers 2024 
Commercial real estate assets have a number of attributes that make them unique relative to other 
types of investments. These attributes include the following: (x10) -Answer-1. They involve land 
2.Transaction time frames are long 
3. Transacti...
-Clarifies responsibilities and services to consumers 
-Reduces disputes 
PIPEDA -Answer-Federal - privacy act 
PIPA -Answer-Provincial - Privacy act 
CASL -Answer-Canada's anti spam legislation - federal 
Privacy principles -Answer--Accountability 
-Identifying purposes 
-Consent 
-Limiting collec...
Preview 3 out of 21 pages
Add to cart-Clarifies responsibilities and services to consumers 
-Reduces disputes 
PIPEDA -Answer-Federal - privacy act 
PIPA -Answer-Provincial - Privacy act 
CASL -Answer-Canada's anti spam legislation - federal 
Privacy principles -Answer--Accountability 
-Identifying purposes 
-Consent 
-Limiting collec...
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