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RECA EXAM STUDY GUIDE 2024
RECA EXAM STUDY GUIDE 2024
[Show more]RECA EXAM STUDY GUIDE 2024
[Show more]duty-based ethics Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome 
 
utalitarian ethics Sells the optimal result for the greatest number of people 
 
Advisory note Punishment for a technical breach 
 
Administrative penalty/ fine One or two...
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Add to cartduty-based ethics Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome 
 
utalitarian ethics Sells the optimal result for the greatest number of people 
 
Advisory note Punishment for a technical breach 
 
Administrative penalty/ fine One or two...
Fiduciary Representation - Trust and confidence 
-	Best interests 
-	Loyalty 
 
5 Ds of Role Clarity 1. Discuss 
2.	Determine 
3.	Document 
4.	Disclose 
5.	Do 
 
Must disclose in writing - the nature of services provided 
-	whether professional has entered into representation relationship...
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Add to cartFiduciary Representation - Trust and confidence 
-	Best interests 
-	Loyalty 
 
5 Ds of Role Clarity 1. Discuss 
2.	Determine 
3.	Document 
4.	Disclose 
5.	Do 
 
Must disclose in writing - the nature of services provided 
-	whether professional has entered into representation relationship...
RECA FUNDAMENTALS EXAM 
Which privacy legislation affects how Alberta real estate professionals handle client information? 
Privacy Information Act 
Right to Personal Privacy Act 
Personal Information Protection Act 
Personal Information Protection and Electronic Documents Act 
A) Statements I ...
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Add to cartRECA FUNDAMENTALS EXAM 
Which privacy legislation affects how Alberta real estate professionals handle client information? 
Privacy Information Act 
Right to Personal Privacy Act 
Personal Information Protection Act 
Personal Information Protection and Electronic Documents Act 
A) Statements I ...
Which of the following may RECA amend from time to time? 
A)	The Act 
B)	The Rules 
C)	The Regulations 
D)	All the statements are correct 
B 
According to the Act, which of the following statements apply if an industry professional whose conduct is subject to disciplinary proceedings mak...
Preview 3 out of 21 pages
Add to cartWhich of the following may RECA amend from time to time? 
A)	The Act 
B)	The Rules 
C)	The Regulations 
D)	All the statements are correct 
B 
According to the Act, which of the following statements apply if an industry professional whose conduct is subject to disciplinary proceedings mak...
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) correct answers 1. They involve land 
2.Transaction time frames are long 
3. Transaction costs are high 
4. they are expensive 
5. The...
Preview 4 out of 48 pages
Add to cartCommercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) correct answers 1. They involve land 
2.Transaction time frames are long 
3. Transaction costs are high 
4. they are expensive 
5. The...
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