Reca property management - Study guides, Class notes & Summaries

RECA Exam Review questions and answers, rated A+/ VERIFIED/ 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, a...

RECA – Fundamentals of Real Estate Management Exam (Questions & Answers - Weighted 100%) RECA – Fundamentals of Real Estate Management Exam (Questions & Answers - Weighted 100%) Define Condominium - ANSWER - A form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex. It includes unit ownership and cmoon property ownership What are the two components in a Condominium? - ANSWER - Units are physical spaces within a structure or parcel of land. It ...

RECA Unit 1 Exam; Questions and Answers 100% Solved 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 ...

RECA Commercial Unit 2 Questions and Answers Graded A+ 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) 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 ...

RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 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 Administrati...

RECA fundamentals study guide| Complete Questions and Answers, 100% Correct| A+ Rated Solution guide| Latest 2024 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 a...

RECA Commercial Unit2 Exam Questions and Answers 2024 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) -Answer-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 retur...

RECA Questions and Answers 2023/2024 (100%Verified). 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 discipl...

RECA FUNDAMENTALS EXAM ALBERTA | COMPLETE SOLUTION | 100% ACCURATE PASS. Real Estate - refers to the land and fixed improvements to the land Classes of licence - associate, associate broker, broker and brokerage four areas of practice - residential, commercial, property management and mortgage Industrial property - include warehouses and custom-built manufacturing plants. Residential income property - include low-rise and high-rise apartments, duplexes, fourplexes and tow...

RECA Exam Study Guide Questions and Answers Rated A+ 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 ...