Combined reca residential - Study guides, Class notes & Summaries

RECA Residential Exam Questions And Well Elaborated Solutions GRADED A+ Self regulation - answers -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests - answers Interest of brokerage at odds with brokerage client Fiduciary duties - answers -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and di...

Residential Real Estate RECA Questions and Answers 100% Pass General Power of Attorney -No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney -Has specific of limited powers in regards to the donor -Also referred to as a Limited Power of Attorney Immediate Power of Attorney -Makes financial and legal d...

RECA RESIDENTIAL EXAM ACTUAL EXAM 200+ QUESTIONS AND DETAILED ANSWERS Seller's confidential info - ANS>>-Reason of property sale -Motivation regarding sale -Price seller will accept for sale -Offers received by seller Buyer's confidential info - ANS>>-Reason for purchase of property -Motivation to purchase -Price willing to pay for property -Offers submitted Trustee - ANS>>Legally appointed person to hold assets for benefits of one or more persons. Trust agre...

Residential Real Estate RECA Terms Correct answers latest 2023General Power of Attorney -No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney -Has specific of limited powers in regards to the donor -Also referred to as a Limited Power of Attorney Immediate Power of Attorney -Makes f...

RECA Commercial EXAM 2 Correctly Solved 100% Pass Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) *ANS* 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on ...