Reca resident - Study guides, Class notes & Summaries

RECA Residential Exam Questions and Answers 100% Correct 2024 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 clari...

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 i...

RECA Residential Exam | Questions – 100% Correctly Answered and Graded A+ | Latest 2024 RECA Residential Exam | Questions – 100% Correctly Answered and Graded A+ | Latest 2024 RECA Residential Exam | Questions – 100% Correctly Answered and Graded A+ | Latest 2024

RECA Residential Exam:- Questions & Correct Answers

RECA Residential Exam; Questions and Answers 100% Solved 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...

"Equity" meaning - The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property 2 reporting agencies in Canada that keep credit history data - Equifax Canada and TransUnion of Canada 2 rights of a lender (for mortgages) - Right to 1. assign the mortgage 2. be paid under the terms of the mortgage 2 ways to calculate interest (related to interest rates) - simple interest and compound interest 3 criteria/q...

RECA Residential – Questions With Complete Solutions

3 options for who determine the RMS property size (this should be discussed with seller client) - Answer- 1. by the REP 2. by REP and the seller 3. By a qualified person engaged to do so 3 types of town houses - Answer-Row, stacked, cluster (cluster seem to be the same as 4plexes but maybe more than one 4plex together) 4 Benefits of the RMS - Answer-1. A province-wide property measurement standard for all real estate professionals 2. Applies to all real estate brokerages regardless of their...

RECA Residential Exam 2024 Questions and Answers Fiduciary Representation -Answer-- Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity -Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing -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 proceed with relationship made to...

RECA Residential Unit 2 Exam Questions and Answers 9 things that, when representing sellers, REPs can do -Answer-1. Identify the features, qualities, and advantages that relate to the sellers' property 2. Describe the property appropriately in the applicable listing service and property databases. 3. Market the property based on the features, qualities, and advantages. 4. Promote the property and answer their buyers' questions regarding it. 5. Accurately answer questions regarding the pro...