Reca property management - Study guides, Class notes & Summaries

RECA Questions and Answers 2023/2024 (100%Verified). Which of the following may RECA amend from time to time? A) The Act B) The Rules C) The Regulations D) All the statements are correct B According to the Act, which of the following statements apply if an industry professional whose conduct is subject to disciplinary proceedings make application to withdraw from the profession? A) If the application is approved, RECA issues a news release B) If the application is approved, all discipl...

Practice of Property Management (RECA) Questions and Answers Abandon ANSWER An action of a tenant who leaves the residential premises before the end of tenancy, without giving notice to the landlord that they are leaving. Abandoned Goods ANSWER Any property a tenant leaves behind after they move out of the residential premises. Agent ANSWER A person who has been given the authority by another person, to undertake certain activities on their behalf. - A leasing agent who is given the au...

RECA Exam| 200+ Actual Questions and Verified Answers|100% Correct| 2023/ 2024 Q: Under the Residential Tenancies Act, when can a landlord enter a tenant's leased premises without consent or notice? A) When a fire alarm has sounded and the fire department requires access to all of the units to check for the source of the fire B) When the landlord has not seen the tenant or received rent in 2 months and newspapers are collecting at the front door of the premises C) When water is leaking in...

RECA Commercial Unit 2 Correctly Solved Exam [100% Correct] Commercial real estate properties exhibit several features that set them apart from other investment types. These features include the following: (x10) **Answer:** 1. They involve land 2. Transaction timelines are long 3. High transaction costs 4. Expensive assets 5. Durable, long-lasting properties 6. Heavily regulated 7. Prolonged production cycle 8. Require intensive management 9. Unique and heterogeneous as...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

RECA fundamentals study guide with complete solutions duty-based ethics -Answer-Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics -Answer-Sells the optimal result for the greatest number of people Advisory note -Answer-Punishment for a technical breach Administrative penalty/ fine -Answer-One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authori...

RECA Exam | 2023/ 2024 Update| Real Questions and Verified Answers|100% Correct- Grade A QUESTION Which of the following are benefits of professional courtesy? It helps avoid legal proceedings against real estate professionals It helps avoid a professional conduct review being conducted by RECA It helps avoid the issuance of disciplinary outcomes by RECA It helps avoid claims being made against REIX A) Statements I, II and III B) Statements II, III and IV C) Statements I, III and ...

RECA fundamentals study guide questions and answers latest 2023duty-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...

RECA Exam Review Questions and answers, rated A+ Define real estate - -refers to land and fixed improvements to land (permanent) What are the building classifications - -Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - -Residential commercial rural property management characteristics that identifies real estate as limited resource - -scarce characteristic that defines real estate as indestructable - -durable real estate as immobile...

Unit 1 RECA questions and answers latest 2023 Rated A+ Define real estate - correct answer refers to land and fixed improvements to land (permanent) What are the building classifications - correct answer Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - correct answer Residential commercial rural property management characteristics that identifies real estate as limited resource - correct answer scarce characteristic that defines real esta...