Reca fundamentals - Study guides, Class notes & Summaries

RECA Fundamentals Exam Questions And Answers Which of the following is NOT a RECA educational resource for industry professionals? - Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - 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 - Consumer Price Index (CPI) Which of the following will occur to the supply of a good when th...

1. Principal of Balance - Answer-value is created and sustained where there is equilibrium 10. Principal of Substitution - Answer-a buyer will pay no more for a property than the cost of acquiring a similar and equally desirable property 11. Principal of Contribution - Answer-value of a property attribute relates to the value it adds to the overall value of the property. basis by which adjustments are made to the sale prices of comparable properties 12. Principal of Progression - Answer-pr...

RECA Fundamentals Exam | 100% Correct Answers | Verified | Latest 2024 Version

RECA Fundamentals Exam; Questions and Answers 100% Solved Which of the following is NOT a RECA educational resource for industry professionals? Correct answer Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Correct 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 Correct answer Consumer Price Index (CPI) Which of the fo...

RECA FUNDAMENTALS EXAM-with 100% verified solutions

RECA Fundamentals Study Guide; Questions and Answers 100% Solved duty-based ethics Correct answer Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics Correct answer Sells the optimal result for the greatest number of people Advisory note Correct answer Punishment for a technical breach Administrative penalty/ fine Correct answer One or two potentially serious infraction would cause this punishment Ratification- act...

RECA FUNDAMENTALS Exam Set Questions With 100% Correct Answers | Latest Update Which of the following is NOT a purpose of RECA? A) To set and enforce standards of conduct for the industry B) To administer the Act as provided in the Act C) To amend the Act as determined by Council D) To protect against and suppress mortgage fraud C Which of the following statements does NOT apply to a duty-based approach to ethical decision-making? A) This approach seeks the best result for the most ...

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