Reca unit 3 1 brokerage - Study guides, Class notes & Summaries

RECA unit 2: questions (sessions and unit exam) already passed 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 fe...

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...

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...

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...