Reca fundamentals Study guides, Class notes & Summaries

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

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; 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 Study Questions and Answers 2024/2025 RECA Fundamentals Exam Study Questions and Answers 2024/2025 RECA Fundamentals Exam Study Questions and Answers 2024/2025

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RECA FUNDAMENTALS EXAM 2023/2024 REAL AND ACCURATE QUESTIONS WITH EXPERT VERIFIED ANSWERS GUARANTEED PASS

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 authority or in excess of authority Implication- advice outside of objective These two ways of creating ...

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 Which privacy legislation affects how Alberta real estate professionals handle client information? Privacy Information Act Right to Personal Privacy Act Personal Information Protection Act Personal Information Protection and Electronic Documents Act A) Statements I and II B) Statements I and IV C) Statements II and III D) Statements III and IV D When the licence of a real estate brokerage is suspended, what actions must real estate professionals who ar...

RECA Fundamentals Exam| Questions and Verified Answers|100% Correct| 2023/ 2024 Q: What’s includes in written service agreements? Answer: - the services to be provided by the brokerage - the responsibilities of each party to the agreement - the names of the parties to the agreement Q: failure to immediately notify Executive Director of changes to information provided in support of license results in: Answer: - Exec. Director may refer the matter for a professional condu...