RECA
University of the People
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RECA Exam Study Questions and Answers 100% Pass
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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? Disclosure level 1 
When evaluating an ethical dilemma, the first step is awareness. An individual may become 
aware of an ethical dilemma through a variety of ways. Which one of the...
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RECA fundamentals study guide questions and answers graded A
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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 for a technical breach 
Administrative penalty/ fine One or two potentially serious infraction would cause this 
punishment 
Ratification- acting without authority or in excess of authority 
Implication- advice outside of objective These two ways of creating a representation...
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RECA Practice Exam Questions and Answers with Complete Solutions
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Meridians and ranges are Longitudal lines 
condominium (condo) form of ownership with the owners holding legal title to their own 
housing unit among many, with common grounds and facilities shared ownership 
cooperatives (co-ops) -buildings owned by corporations with the residents as shareholders 
who each receive a properietary lease on an individual unit and the right to use common areas 
Regarding condos- Individual owners have title to specific units in the complex. True or false 
True 
Tit...
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RECA Questions and Answers Already Passed
- Exam (elaborations) • 33 pages • 2023
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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 
conduct is subject to disciplinary proceedings make application to withdraw from the profession? 
A) If the application is approved, RECA issues a news release 
B) If the application is approved, all disciplinary proceedings are terminated 
C) If the applicatio...
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RECA Quiz Review Questions and Answers Rated A
- Exam (elaborations) • 79 pages • 2023
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Which of the following describes a competent real estate professional? 
A) A real estate professional who agrees to provide services that they are incapable of 
performing 
B) A real estate professional who possesses the necessary ability and knowledge to perform an 
action proficiently 
C) A real estate professional who represents a client in matters that are beyond their expertise 
D) A real estate professional who holds a valid authorization from RECA and is registered with a 
brokerage in Al...
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RECA Residential Exam Questions and Answers 100% Pass
- Exam (elaborations) • 48 pages • 2023
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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 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to proceed with relationship 
made to clarify and provide proof of undertanding in event issues or disputes ari...
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RECA unit 1 quiz latest 2023 already passed
- Exam (elaborations) • 11 pages • 2023
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Which of the following represents an accountability mechanism that RECA must comply with 
under the Act? 
A) RECA must prepare for the Minister of Service Alberta an annual report for the previous year 
end 
B) RECA must prepare for the Minister of Service Alberta an annual consumer report on the 
investigations conducted 
C) RECA must prepare for the Minister of Service Alberta a market report on the industries it 
regulates 
D) RECA must prepare for the Minister of Service Alberta a report on ...
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RECA unit 2: questions (sessions and unit exam) already passed
- Exam (elaborations) • 15 pages • 2023
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which of the following is not a responsibility of the broker providing an independent and 
objective analysis of a real estate transaction 
which of the following statements is not correct regarding the role of the industry professional 
real estate professionals should assume their role is understood by parties to the transaction 
which of the following statements is not a responsibility of a real estate brokerage paying a 
referral fee to a person who was required to be authorized for the acti...
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RECA Unit Quiz Reviews Questions and Answers Rated A
- Exam (elaborations) • 45 pages • 2023
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Which of the following indicators are used to calculate Gross Domestic Product (GDP)? 
I. Imports 
II. Consumer Spending 
III. Business Spending 
IV. Net income from foreign residents Statements I, II and III 
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 Costs of production 
Which of the following statements is correct regarding the resource markets? 
A. they measure the total ...
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