Reca unit 2 study - Study guides, Class notes & Summaries

RECA Fundamentals Verified Q&A Scored 100% Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome *ANS* duty-based ethics Sells the optimal result for the greatest number of people *ANS* utalitarian ethics Punishment for a technical breach *ANS* Advisory note One or two potentially serious infraction would cause this punishment *ANS* Administrative penalty/ fine These two ways of creating a representation relationship should not be do...

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 ...

Complete some basic suitability questions Then the application is routed from RECA to your broker, where he accepts the application, and either you or the broker pays the fee Describe the process for going from associate, to associate broker - ANSWER For an associate to become an associate broker they must: Complete all REAP practice courses, complete the Real Estate Brokers Program. Score 70% or more on the final exams. Practice two years in Alberta as a licensed professional within the las...

(chapter5) Microbiology Test 2 1. Which growth phase has the largest increase in cell numbers per unit of time? death phase exponential phase lag phase stationary phase In which growth p hase is there no increase or decrease in cell number because some cells are dividing while others are dying? death phase exponential phase lag phase stationary phase To speed up the growth rate in a chemostat, the should be increased. To increase the cell density as well, the should be increased. A. dilution rat...

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? - ANSWER 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 on...

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...

Disclosure Level 2 - ANSWER Mary, a real estate professional registered with ABC Real Estate Brokerage, has agreed to purchase her neighbour's ranch. The seller of the property is not represented by a real estate professional. What level of disclosure does Mary need to provide? I, II, & III - ANSWER Which of the following statements include actions that may be considered suspicious by a real estate brokerage? A buyer purchases a property without first viewing it A buyer purchases a propert...