Reca residentia Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Reca residentia? On this page you'll find 344 study documents about Reca residentia.
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RECA Residential – Questions With Complete Solutions
- Exam (elaborations) • 24 pages • 2024
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RECA Residential – Questions With Complete Solutions
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RECA Residential Unit 6 Questions and Answers Solved 100% Correct!!
- Exam (elaborations) • 13 pages • 2024
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"Equity" meaning - The market value of the property, less the outstanding balance of the 
mortgage and any other financial obligation registered against the property 
2 reporting agencies in Canada that keep credit history data - Equifax Canada and TransUnion of 
Canada 
2 rights of a lender (for mortgages) - Right to 1. assign the mortgage 2. be paid under the terms of 
the mortgage 
2 ways to calculate interest (related to interest rates) - simple interest and compound interest 
3 criteria/q...
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RECA Residential Unit 3 Questions And Answers Rated A+
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3 options for who determine the RMS property size (this should be discussed with seller client) - Answer- 
1. by the REP 2. by REP and the seller 3. By a qualified person engaged to do so 
3 types of town houses - Answer-Row, stacked, cluster (cluster seem to be the same as 4plexes but 
maybe more than one 4plex together) 
4 Benefits of the RMS - Answer-1. A province-wide property measurement standard for all real estate 
professionals 2. Applies to all real estate brokerages regardless of their...
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RECA Residential Exam Latest Updated 2024
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RECA Residential Exam Latest Updated 2024 
 
Power of Attorney - a legal document authorizing someone to act on your behalf 
- must be 18 
- POA must be written, dated and signed by both donor and witness 
- donor must be mentally capable or contract is void 
- only effective as long as donor is alive, will takes effect once death 
Types of POA - General POA 
- has no limits on powers of the attorney 
- can make all decisions regarding financial and legal affairs 
- exception where the donor r...
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RECA Residential Unit 1, 2,3,4,5,6,7,8 &9 Questions and Answers Latest Update Already Passed
- Exam (elaborations) • 423 pages • 2024
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RECA Residential Unit 1, 2,3,4,5,6,7,8 &9 
Questions and Answers Latest Update 
 
Already Passed 
 
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 ...
Too much month left at the end of the money?
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RECA Residential Exam; Questions and Answers 100% Solved
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RECA Residential Exam; Questions and Answers 
100% Solved 
Fiduciary Representation Correct answer - Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity Correct answer 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing Correct answer - the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence consumers decision to pro...
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RECA Residential Unit 7 Exam Questions and Answers 2024
- Exam (elaborations) • 59 pages • 2024
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RECA Residential Unit 7 Exam Questions and Answers
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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024
- Exam (elaborations) • 41 pages • 2024
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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024 
Self regulation 
-General obligation 
-Care & Skill 
-Act honestly 
-Negotiate favorable terms 
-Maintain confidentiality 
-Disclose information 
-Act in person 
-Obey lawful instructions 
-Perform mandate 
Brokerage interests 
Interest of brokerage at odds with brokerage client 
Fiduciary duties 
-Utmost loyalty 
-Not to make secret profits 
-Maintain confidentiality 
-To account 
-Avoid and disclose confli...
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RECA Residential Exam Questions and Answers 100% Correct 2024
- Exam (elaborations) • 44 pages • 2024
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RECA Residential Exam Questions and Answers 100% Correct 2024 
RECA Residential Exam Questions and 
Answers 100% Correct 2024 
Fiduciary Representation 
- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity 
1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing 
- the nature of services provided 
- whether professional has entered into representation relationship with other party 
- any conflicts of interest 
- any other facts that may influence...
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RECA Residential Exam Actual Questions with 100% Correct Answers | Updated & Verified
- Exam (elaborations) • 61 pages • 2024
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RECA Residential Exam Actual Questions with 100% Correct Answers | Updated & Verified
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