Reca terms - Study guides, Class notes & Summaries

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

General Power of Attorney - Answer--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 - Answer--Has specific of limited powers in regards to the donor -Also referred to as a Limited Power of Attorney Immediate Power of Attorney - Answer--Makes financial and legal decisions on behalf of the ...

Reca - Residential Exam Questions And Answers Self regulation - ANS -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests - ANS Interest of brokerage at odds with brokerage client Fiduciary duties - ANS -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose conflicts of i...

Residential Real Estate RECA Terms (Answered)

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RECA Unit 2: Questions (Sessions and Unit Exam) 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 ...

RECA RESIDENTIAL UNIT 1 | WITH COMPLETE SOLUTIONS 100% PASS. 3 fundamental principles of fiduciary duty. AKA the 3 principles that give rise to fiduciary duties in a representation relationship: - Trust and Confidence, Best Interests, Loyalty 8 General Obligations of REPs - Exercise Care and Skill, Act Honestly, Negotiate Favourable terms, Maintain Confidentiality, Disclose Information, Act in Person, Obey Lawful Instructions, Perform Mandate 6 Points of Fiduciary Duties - Pr...

Residential Real Estate RECA Terms(Study for Exam)With Complete Answers!!

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