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RECA EXAM | With Latest Questions and answers | 100% verified correct
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RECA EXAM | With Latest Questions and answers | 100% verified correct
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RECA EXAM | With Latest Questions and answers | 100% verified correct Which IIof IIthe IIfollowing IImay IIRECA IIamend IIfrom IItime IIto IItime? A) IIThe IIAct B) IIThe IIRules C) IIThe IIRegulations D) IIAll IIthe IIstatements IIare IIcorrect B According IIto IIthe IIAct, IIwhich IIof IIthe IIfollowing IIstatements IIapply IIif IIan IIindustry IIprofessional IIwhose IIconduct IIis IIsubject IIto IIdisciplinary IIproceedings IImake IIapplication IIto IIwithdraw IIfrom IIthe IIprofession? A) IIIf IIthe IIapplication IIis IIapproved, IIRECA IIissues IIa IInews IIrelease B) IIIf IIthe IIapplication IIis IIapproved, IIall IIdisciplinary IIproceedings IIare IIterminated C) IIIf IIthe IIapplication IIis IIapproved, IIit IIis IIa IIlifetime IIban IIfrom IIall IIindustry IIprofessions IIgoverned IIby IIRECA D) IIAll IIthe IIstatements IIare IIcorrect D According IIto IIthe IIRules, IIwhich IIof IIthe IIfollowing IIstatements IIis IIcorrect IIregarding IIwritten IIservice IIagreements? A) IIWritten IIservice IIagreements IImust IIclearly IIindicate IIthe IInames IIof IIall IIparties IIto IIthe IIagreement B) IIAll IIindustry IIprofessionals IIare IIrequired IIto IIhave IIwritten IIservice IIagreements IIin IIplace IIwith IIall IIclients C) IIIf IIa IIclient IIrefuses IIto IIsign IIa IIwritten IIservice IIagreement, IIthe IIindustry IIprofessional IImust IIrefuse IIservices IIto IIthat IIclient D) IIAll IIthe IIstatements IIare IIcorrect A A IIreal IIestate IIprofessional's IIauthorization IIto IItrade IIin IIreal IIestate IIexpired IIon IISeptember II30. IIHowever, IIthe IIreal IIestate IIprofessional IIcontinued IIto IIshow IIproperties IIon IIbehalf IIof IIa IIproperty IImanagement IIcompany IIfor IIwhich IIshe IIreceived IIcompensation. IIGiven IIher IIactions IIbreached IIa IIsection IIof IIthe IIRules IIand IIwere IIdeemed IIto IIbe IIpotentially IIserious, IIwhich IIof IIthe IIfollowing IIdisciplin ary IIoutcomes IIwould IIthe IIreal IIestate IIprofessional IIreceive? A) IIConsent IIAgreement B) IILetter IIof IIReprimand C) IITemporary IISuspension D) IIAdministrative IIPenalty D Which IIprivacy IIlegislation IIaffects IIhow IIAlberta IIreal IIestate IIprofessionals IIhandle IIclient IIinformation? Privacy IIInformation IIAct Right IIto IIPersonal IIPrivacy IIAct Personal IIInformation IIProtection IIAct Personal IIInformation IIProtection IIand IIElectronic IIDocuments IIAct A) IIStatements III IIand IIII B) IIStatements III IIand IIIV C) IIStatements IIII IIand IIIII D) IIStatements IIIII IIand IIIV D When IIthe IIlicence IIof IIa IIreal IIestate IIbrokerage IIis IIsuspended, IIwhat IIactions IImust IIreal IIestate IIprofessionals IIwho IIare IIregistered IIwith IIthe IIbrokerage IItake? A) IIThey IImust IIcease IIto IItrade IIin IIreal IIestate B) IIThey IImust IIcancel IItheir IIauthorization IIwith IIRECA C) IIThey IImust IIapply IIfor IIwithdrawal IIfrom IIthe IIprofession D) IIThey IImust IIbecome IIregistered IIwith IIanother IIbrokerage A Which IIof IIthe IIfollowing IIProfessional IIConduct IIReview IIoutcomes IIis IIissued IIas IIa IIpractice IIguideline IIfor IIa IItechnical IIbreach IIof IIthe IIlegislation? A) IIAdvisory IINote B) IIProduc tion IIOrder C) IILetter IIof IIReprimand D) IIAdministrative IIPenalty A Mary, IIa IIreal IIestate IIprofessional IIregistered IIwith IIABC IIReal IIEstate IIBrokerage, IIhas IIagreed IIto IIpurchase IIher IIneighbour's IIranch. IIThe IIseller IIof IIthe IIproperty IIis IInot IIrepresented IIby IIa IIreal IIestate IIprofessio nal. IIWhat IIlevel IIof IIdisclosure IIdoes IIMary IIneed IIto IIprovide? A) IIDisclosure IIlevel II1 B) IIDisclosure IIlevel II2 C) IIDisclosure IIlevel II3 D) IINo IIdisclosure IIlevel B Pursuant IIto IIthe IIRules, IIwhich IIof IIthe IIfollowing IIis IIa IIresult IIof IIan IIindustry IIprofessional's IIfailure IIto IIimmediate ly IInotify IIthe IIExecutive IIDirector IIof IIchanges IIto IIinformation IIprovided IIin IIsupport IIof IIa IIlicence IIapplication? A) IIExecutive IIDirector IImay IIrefer IIthe IImatter IIfor IIa IIProfessional IIConduct IIReview B) IIExecutive IIDirector IImay IIsuspend IIthe IIindustry IIprofessional's IIlicence C) IIExecutive IIDirector IImay IIcancel IIthe IIindustry IIprofessional's IIlicence D) IIAll IIthe IIstatements IIare IIcorrect D Stan, IIa IIreal IIestate IIprofessional IIregistered IIwith IIMcAgent IIReal IIEstate IIBrokerage IIhas IIjust IIlisted IIhis IIcommercial IIproperty IIfor IIlease IIwith IIhis IIbrokerage. IIJim, IIanother IIreal IIestate IIprofessional IIregistered IIwith IIthe IIsame IIbrokerage IItells IIStan IIthat IIhe IIhas IIa IIclient IIinterested IIin IIleasing IIthe IIproperty. IIWhat IIlevel IIof IIdisclosure IIis IIrequired IIin IIthis IIsituation? A) IIDisclosure IIlevel II1 B) IIDisclosure IIlevel II2 C) IIDisclosure IIlevel II3 D) IINo IIdisclosure IIlevel C With IIrespect IIto IIbrokerage IIrecord IIkeeping, IIwhich IIof IIthe IIfollowing IIstatements IIis IIcorrect? Brokerage IIrecords IImust IIbe IIkept IIin IIAlberta Brokerage IIrecords IImay IIbe IImaintained IIin IIelectronic IIform Brokerage IIrecords IImust IIbe IIkept IIby IIthe IIbrokerage IIfor II3 IIyears Brokerage IIrecords IImust IIbe IIaccessible IIto IIRECA IIfor IIinspection A) IIStatements III, IIII, IIand IIIII B) IIStatements III, IIII, IIand IIIV C) IIStatements III, IIIII, IIand IIIV D) IIAll IIthe IIstatements IIare IIcorrect D Which IIof IIthe IIfollowing IIis IINOT IIa IIpurpose IIof IIRECA? A) IITo IIset IIand IIenforce IIstandards IIof IIconduct IIfor IIthe IIindustry B) IITo IIadminister IIthe IIAct IIas IIprovided IIin IIthe IIAct C) IITo IIamend IIthe IIAct IIas IIdetermined IIby IICouncil D) IITo IIprotect IIagainst IIand IIsuppress IImortgage IIfraud C Which IIof IIthe IIfollowing IIstatements IIdoes IINOT IIapply IIto IIa IIduty-based IIapproach IIto IIethical IIdecision -making? A) IIThis IIapproach IIseeks IIthe IIbest IIresult IIfor IIthe IImost IInumber IIof IIpeople B) IIThis IIapproach IIperceives IIan IIindividual's IIintentions IIor IImotives IIas IIimportant C) IIThis IIapproach IIis IIbased IIon IIa IIbelief IIin IIa IIuniversal IImoral IIsystem IIof IIethical IIreasoning D) IIThis IIapproach IIbelieves IIthat IIan IIindividual IIshould IIdo IIthe IIright IIthing IIbecause IIit IIis IIthe IIright IIthing IIto IIdo A What IIis IIthe IImaximum IIamount IIthe IIReal IIEstate IIAssurance IIFund IImay IIpay IIper IIclaimant IIfor IIdamages IIor IIlosses IIrelated IIto IIthe IIservices IIof IIa IIreal IIestate IIprofessional? A) II$100,000 IImaximum B) II$35,000 IImaximum C) II$25,000 IImaximum D) IINo IImaximum IIamount B What IIis IIthe IIpurpose IIof IIthe IIReal IIEstate IIAssurance IIFund? A) IITo IIcompensate IIa IIreal IIestate IIbrokerage IIfor IIthe IIloss IIof IIcommissions IIrelated IIto IIunsuccessful IItrades B) IITo IIcompensate IIsellers IIwhen IIpotential IIbuyers IIfail IIto IIobtain IIthe IIrequired IImortgage IIfinancin g IIto IIpurchase IIthe IIproperty C) IITo IIcompensate IIconsumers IIwho IIhave IIreceived IIa IIcourt IIjudgment IIagainst IIa IIreal IIestate IIprofessional IIfor IIfraud IIor IIbreach IIof IItrust D) IITo IIcompensate IIproperty IIowners IIin IIthe IIevent IIthat IIforeclosure IIproceedings IIare IIcommenced IIduring IIa IIreal IIestate IItransaction C Which IIof IIthe IIfollowing IIstatements IIdescribe IIcivil IIliability? Private IIlegal IIaction IIbetween IIthe IIdisputing IIpartiesThe benefits of buying summaries with Stuvia:
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