Reca residential unit 3 - Study guides, Class notes & Summaries

RECA Residential Unit 2 Exam Questions and Answers 9 things that, when representing sellers, REPs can do -Answer-1. Identify the features, qualities, and advantages that relate to the sellers' property 2. Describe the property appropriately in the applicable listing service and property databases. 3. Market the property based on the features, qualities, and advantages. 4. Promote the property and answer their buyers' questions regarding it. 5. Accurately answer questions regarding the pro...

RECA Residential Unit 7 Exam Questions and Answers 2024 under which Act/Law are all Alberta municipalities empowered to shape their communities? - Answer-MGA - The Municipal Government Act Which department is responsible for administration of the MGA? -Answer-Municipal Affairs is the department responsible for administering the Municipal Government Act MGA contains 3 key topics -Answer-1. Assessment and Taxation 2. Governance and Administration 3. Planning and Development When was the fir...

RECA Commercial Unit 2 Rated A+ (New supply) At the macro level, assessing new supply can be obtained through various sources that report building starts and units under construction. These sources include the following: (x4) ️Non residential building starts are compiled by Statistics Canada on a quarterly basis. Investment is measured in dollars and is split into the categories of Industrial, Institutional, and Commercial. Another measure of future supply is the number and percentage...

RECA Residential Unit 2 Exam (Graded A Plus) with Questions and Validated Answers 9 things that, when representing sellers, REPs can do ANSWER 1. Identify the features, qualities, and advantages that relate to the sellers' property 2. Describe the property appropriately in the applicable listing service and property databases. 3. Market the property based on the features, qualities, and advantages. 4. Promote the property and answer their buyers' questions regarding it. 5. Accurately answer...

What is the RMS? - correct answer Residential Measurement Standard 4 qualities of a standard - correct answer 1. It must be objective (ie Uniform, consistent) 2. It mut apply to an object or process that can be quantified (i.e. measured) 3. It's results must be verifiable (i.e. repeated by others) 4. It's results must be quantifiable (i.e. measurable) What is a measurement standard as it relates to property use? - correct answer is an objective and consistent method to det...

Unit 7 Quiz(RECA)correctly answered rated A+ 2023 What are Alberta's six natural water sources? A) Surface water, rain water, rivers, river basins, lakes, and wetlands B) Surface water, rivers, river basins, frozen water, lakes, and springs C) Surface water, rivers, river basins, lakes, wetlands, and springs D) Surface water, rivers, river basins, lakes, wetlands, and wells - correct answer C Which of the following statements are correct regarding a Conservation Easement? 1. A Conserva...

What are Alberta's six natural water sources? A) Surface water, rain water, rivers, river basins, lakes, and wetlands B) Surface water, rivers, river basins, frozen water, lakes, and springs C) Surface water, rivers, river basins, lakes, wetlands, and springs D) Surface water, rivers, river basins, lakes, wetlands, and wells - correct answer C Which of the following statements are correct regarding a Conservation Easement? 1. A Conservation Easement allows the Alberta government to design...

RECA Residential Unit 8: Q&A All Correct 2023 What do REPs have a regulatory obligation to present and discuss with the consumer? - Answer - The Consumer Relationship guide (the Guide) By signing the guide (the consumer relationship guide), is the consumer committed to work with the particular real estate professional/brokerage? - Answer - No 2 types of consumer relationships - Answer - client and customer Difference between Common Law Agency relationship and Designated Agency Relati...

What are Alberta's six natural water sources? A) Surface water, rain water, rivers, river basins, lakes, and wetlands B) Surface water, rivers, river basins, frozen water, lakes, and springs C) Surface water, rivers, river basins, lakes, wetlands, and springs D) Surface water, rivers, river basins, lakes, wetlands, and wells C Which of the following statements are correct regarding a Conservation Easement? 1. A Conservation Easement allows the Alberta government to designate privat...

Unit 2(RECA)QUESTIONS WITH COMPLETE SOLUTION LATEST 2023The purposes of RECA according to the Act is the following... 1. Set and enforce rules for industry members to follow, to promote integrity, and protect the consumer from mortgage fraud. 2. Provide services that help industry professionals in the industry. 3. Administer (enforce) the Act through the Rules, Regulations & Bylaws Describe and explain the differences between the Rules, Regulations & Bylaws 1: Rules are a set of instr...