Reca exam - Study guides, Class notes & Summaries

RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct QUESTION Errors and Omissions Insurance? Answer: real estate equivalent of malpractice coverage QUESTION Comprehensive General Liability Insurance? Answer: - broad coverage for claims against injury/damage - civil liability (a fall) - any damages or injuries - legal defense costs - does not cover issues related to real estate transactions QUESTION Voluntary Broker Resoluti...

RECA FUNDAMENTALS EXAM-with 100% verified solutions

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

RECA RESIDENTIAL EXAM 2023-2024 ACTUAL EXAM 200+ QUESTIONS AND DETAILED ANSWERS

RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024

RECA Residential Exam Questions and Answers GRADED A Written Service Agreement vs Customer Acknowledgement Forms Written Service Agreement - whenconsumerchooses a representation relationship - becomes aclient - providesigned copyto brokerage Customer Acknowledge forms - non-representation relationship - becomes acustomer - providesigned copyto brokerage PIPEDA - Federal legislation PIPA Alberta's legislation,how private organizationsuseand disclosepersonal information. Power of Att...

RECA Fundamentals Exam Study Questions and Answers 2024/2025

Reca – Residential Exam Questions and Answers 2024 Self regulation -Answer--General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests -Answer-Interest of brokerage at odds with brokerage client Fiduciary duties -Answer--Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose conflicts of interes...