Reca rural - Study guides, Class notes & Summaries

RECA Exam| Actual Questions and Verified Answers|100% Correct| 2023/ 2024- Grade A Q: Stan, a real estate professional registered with McAgent Real Estate Bro- kerage has just listed his commercial property for lease with his brokerage. Jim, another real estate professional registered with the same brokerage tells Stan that he has a client interested in leasing the property. What level of disclosure is required in this situation? A) Disclosure level 1 B) Disclosure level 2 C) Disclosure...

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 commercial rural property management characteristics that identifies real estate as limited resource - -scarce characteristic that defines real estate as indestructable - -durable real estate as immobile...

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 responsible for administering the Municipal Government Act MGA contains 3 key topics -Answer-1. Assessment and Taxation 2. Governance and Administration 3. Planning and Development When was the fir...

Unit 1 RECA questions and answers latest 2023 Rated A+ Define real estate - correct answer refers to land and fixed improvements to land (permanent) What are the building classifications - correct answer Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - correct answer Residential commercial rural property management characteristics that identifies real estate as limited resource - correct answer scarce characteristic that defines real esta...

RECA Exam| 200+ Actual Questions and Verified Answers|100% Correct| 2023/ 2024 Q: Under the Residential Tenancies Act, when can a landlord enter a tenant's leased premises without consent or notice? A) When a fire alarm has sounded and the fire department requires access to all of the units to check for the source of the fire B) When the landlord has not seen the tenant or received rent in 2 months and newspapers are collecting at the front door of the premises C) When water is leaking in...

RECA Residential Unit 7 with Latest Questions and Answers 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 responsible for administering the Municipal Government Act MGA contains 3 key topics ANSWER 1. Assessment and Taxation 2. Governance and Administration 3. Planning and Development When was the ...

Alberta Real Estate Fundamentals Exam with 100% correct Answers 2024 Real Estate -Answer-The land and fixed improvements to the land Classes of License -Answer-1. Associate 2. Associate Broker 3. Broker 4 Areas of Practice -Answer-1. Residential 2. Commercial 3. Rural 4. Property Management Mobile homes fall under the same category as recreational properties -Answer-False Industrial Properties -Answer-Include warehouses and custom-built manufacturing plants Residential Income propert...

Unit 1 RECA questions and answers latest 2023/2024Define real estate - correct answer refers to land and fixed improvements to land (permanent) What are the building classifications - correct answer Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - correct answer Residential commercial rural property management characteristics that identifies real estate as limited resource - correct answer scarce characteristic that defines rea...

RECA Residential Exam | Latest 2023/ 2024 | Guide with Verified and Detailed Answers|100% Correct QUESTION Property inspection report aspects:? Answer: -Current condition of inspected items -Inspected items that are deemed unsafe or require repair or replacement. -Estimation of approximate replacements/repairs are needed. -Preventative measures to remedy current issues/extend life of inspected items. *should never include estimates or quotes for repairs, replacements or improv...

RECA Exam| Questions and Verified Answers|100% Correct| 2023/ 2024 Q: Which of the following best describes a written acknowledgement? Answer: It should state that the consumer received and understands the written disclosure made by a real estate professional Q: Which of the following types of authority allow an agent to act according to the usual ways of performing an action as established by the profession? Answer: Customary authority Q: Which of the following resp...