Reca exam solved - Study guides, Class notes & Summaries
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RECA Fundamentals Exam; Questions and Answers 100% Solved
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RECA Fundamentals Exam; Questions and 
Answers 100% Solved 
Which of the following is NOT a RECA educational resource for industry professionals? 
 Correct answer Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act Correct answer 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 Correct answer Consumer Price Index (CPI) 
Which of the fo...
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Reca – Residential Exam; Questions and Answers 100% Solved
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Reca – Residential Exam; Questions and Answers 
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Self regulation Correct answer -General obligation 
-Care & Skill 
-Act honestly 
-Negotiate favorable terms 
-Maintain confidentiality 
-Disclose information 
-Act in person 
-Obey lawful instructions 
-Perform mandate 
Brokerage interests Correct answer Interest of brokerage at odds with brokerage client 
Fiduciary duties Correct answer -Utmost loyalty 
-Not to make secret profits 
-Maintain confidentiality 
-To account 
-Avoid an...
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RECA Residential Exam; Questions and Answers 100% Solved
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RECA Residential Exam; Questions and Answers 
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Fiduciary Representation Correct answer - Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity Correct answer 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing Correct answer - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to pro...
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Reca Practice Exam; Questions and Answers 100% Solved
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Reca Practice Exam; Questions and Answers 
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When considering a buyer's qualifications , a lender will use the 5 " C's " to evaluate the 
borrower's ability to repay a loan . The 5 " Cs " are : 
Character , Capacity, Continuance Capital, Credit 
Capacity, Continuance, Capital, Collateral, Credit 
Capital, Credit, Collateral, Capacity, Character Correct answer Capital , Credit , collateral , 
Capacity , Character 
The definition of " amperage " is : 
The rate of electric...
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BUNDLE::-RECA EXAMS WITH COMPLETE SOLUTIONS (LATEST UPDATE) A+
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Reca – Residential Exam; Questions and Answers 100% Solved

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RECA 464 Final Exam QUESTIONS AND ANSWERS RATED A+ 2023 UPDATE

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RECA Commercial Unit 2; Questions and Answers 100% Solved

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RECA Exam QUESTIONS AND ANSWERS 2023 UPDATE GRADED A+

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RECA Exam Study Guide; Q
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RECA Exam Study Guide; Questions and Answers 100% Solved
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RECA Exam Study Guide; Questions and Answers 
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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 property as she has a potential buyer. What level of 
disclosure must Carl provide? Correct answer Disclosure level 1 
When evaluating an ethical dilemma, the first step is awareness. An individual may ...
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RECA Unit 1 Exam; Questions and Answers 100% Solved
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RECA Unit 1 Exam; Questions and Answers 100% 
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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 estate ...
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package deal for RECA EXAM PASSED 2024
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RECA with verified answers latest 2023/2024

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Residential Real Estate RECA Terms Correct answers latest 2023/2024

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unit 1 quiz(RECA)fully solved to pass 2023/2024

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Unit 1 RECA questions and answers latest 2023/2024

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Unit 2(RECA)QUESTIONS WIT
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RECA Unit 1 Quiz Correctly Solved Exam [100% Correct Answers]
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RECA Unit 1 Quiz Correctly Solved Exam 
[100% Correct Answers] 
Which of the following acts as an accountability mechanism that RECA is obligated to follow under the 
Act? 
A) RECA must compile an annual report for the Minister of Service Alberta for the prior year. 
B) RECA must prepare an annual consumer report detailing the investigations conducted for the Minister 
of Service Alberta. 
C) RECA must create a market report regarding the industries it regulates for the Minister of S...
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