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RECA Final ExamS Review Questions and answers, VERIFIED/ | latest update 2024/25|
[Show more]RECA Final ExamS Review Questions and answers, VERIFIED/ | latest update 2024/25|
[Show more]RECA - Fundamentals Study Guide Unit 
8 Quiz (Weighted)/ Questions and 
answers, VERIFIED/ 
Define Condominium - -A form of ownership in which individuals purchase and own a unit of 
housing in a multi-unit complex. It includes unit ownership and cmoon property ownership 
What are the two compone...
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Add to cartRECA - Fundamentals Study Guide Unit 
8 Quiz (Weighted)/ Questions and 
answers, VERIFIED/ 
Define Condominium - -A form of ownership in which individuals purchase and own a unit of 
housing in a multi-unit complex. It includes unit ownership and cmoon property ownership 
What are the two compone...
RECA Residential Exam Review 
Questions and answers, rated A+/ 
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 
- whethe...
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Add to cartRECA Residential Exam Review 
Questions and answers, rated A+/ 
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 
- whethe...
RECA fundamentals study guide 
Questions and answers, Graded A+ 
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 fo...
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Add to cartRECA fundamentals study guide 
Questions and answers, Graded A+ 
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 fo...
RECA Fundamentals Exam Review 
Questions and answers, VERIFIED/ 
1. Principal of Balance - -value is created and sustained where there is equilibrium 
2. Principal of Change - -economic, political, and social forces are constantly in play and contribute 
to the dynamic nature of property values 
3...
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Add to cartRECA Fundamentals Exam Review 
Questions and answers, VERIFIED/ 
1. Principal of Balance - -value is created and sustained where there is equilibrium 
2. Principal of Change - -economic, political, and social forces are constantly in play and contribute 
to the dynamic nature of property values 
3...
RECA FINAL Exam Review Questions 
and answers, VERIFIED/ 
What are other terms used for a "Bell Shape" on an Equalizer? - -- Peaking Filter 
- Band Shelf 
- Peak/Dip 
What is an equalizer? - -A signal processor that can increase or decrease the level of a specific 
Frequency Band. 
What controls...
Preview 4 out of 55 pages
Add to cartRECA FINAL Exam Review Questions 
and answers, VERIFIED/ 
What are other terms used for a "Bell Shape" on an Equalizer? - -- Peaking Filter 
- Band Shelf 
- Peak/Dip 
What is an equalizer? - -A signal processor that can increase or decrease the level of a specific 
Frequency Band. 
What controls...
RECA Final Exam Review Questions and 
answers, VERIFIED/ 
SSE on The Black Stallion & Never Cry Wolf - -Alan Splet 
Worked on George Lucas' first two feature films (Apocalypse Now) - -Walter Murch 
Star Wars' sound guy + Wall-E - -Ben Burtt 
SSE on The Exorcist, Rambo II & III, Red Heat, & foley ...
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Add to cartRECA Final Exam Review Questions and 
answers, VERIFIED/ 
SSE on The Black Stallion & Never Cry Wolf - -Alan Splet 
Worked on George Lucas' first two feature films (Apocalypse Now) - -Walter Murch 
Star Wars' sound guy + Wall-E - -Ben Burtt 
SSE on The Exorcist, Rambo II & III, Red Heat, & foley ...
RECA Exam Study Questions and 
answers, graded A+/ VERIFIED/ 
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 ...
Preview 3 out of 16 pages
Add to cartRECA Exam Study Questions and 
answers, graded A+/ VERIFIED/ 
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 ...
RECA Exam Review questions and 
answers, rated A+/ VERIFIED/ 
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...
Preview 4 out of 32 pages
Add to cartRECA Exam Review questions and 
answers, rated A+/ VERIFIED/ 
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...
RECA Commercial Unit2 Questions and 
answers, VERIFIED/ 
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) - -1. They involve land 
2.Transaction time frames are long 
3. Transactio...
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Add to cartRECA Commercial Unit2 Questions and 
answers, VERIFIED/ 
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) - -1. They involve land 
2.Transaction time frames are long 
3. Transactio...
Reca CH1 Questions and answers, 
graded A+/ VERIFIED/ 
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 - -C) Availability of credit 
Which entity has the authority to amend the Real...
Preview 2 out of 13 pages
Add to cartReca CH1 Questions and answers, 
graded A+/ VERIFIED/ 
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 - -C) Availability of credit 
Which entity has the authority to amend the Real...
RECA Exam Review Questions 
and answers, rated A+ 
Define real estate - -refers to land and fixed improvements to land (permanent) 
What are the building classifications - -Residential 
Commercial 
Retail 
Institutional 
Agricultural 
Real Estate Sectors/Property Types - -Residential 
commerci...
Preview 2 out of 10 pages
Add to cartRECA Exam Review Questions 
and answers, rated A+ 
Define real estate - -refers to land and fixed improvements to land (permanent) 
What are the building classifications - -Residential 
Commercial 
Retail 
Institutional 
Agricultural 
Real Estate Sectors/Property Types - -Residential 
commerci...
Unit 5 Of the RECA Fundamentals Exam 
Review Questions and answers, 
VERIFIED/ 
What are the two types of laws? - -Statute law: Federal or Provincial law 
Common law: Laws based on previous decisions on similar matters 
When you make an agreement/contract with a client is that agreement with you o...
Preview 2 out of 6 pages
Add to cartUnit 5 Of the RECA Fundamentals Exam 
Review Questions and answers, 
VERIFIED/ 
What are the two types of laws? - -Statute law: Federal or Provincial law 
Common law: Laws based on previous decisions on similar matters 
When you make an agreement/contract with a client is that agreement with you o...
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