Reca special exam - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Reca special exam? On this page you'll find 57 study documents about Reca special exam.
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RECA Residential Unit 7 Exam Questions and Answers 2024
- Exam (elaborations) • 64 pages • 2024
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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...
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RECA Commercial Unit 2 Correctly Solved Exam [100% Correct]
- Exam (elaborations) • 62 pages • 2024
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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...
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RECA Residential Exam Questions and Answers 100% Correct 2024
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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 consumers decision to proceed with 
relationship 
made to clari...
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RECA fundamentals study guide Exam Questions And Answers
- Exam (elaborations) • 16 pages • 2024
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RECA fundamentals study guide Exam Questions And Answers 
duty-based ethics - ANS Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome 
 
utilitarian ethics - ANS Sells the optimal result for the greatest number of people 
 
Advisory note - ANS Punishment for a technical breach 
 
Administrative penalty/ fine - ANS One or two potentially serious infraction would cause this punishment 
 
Ratification- acting without authority or in exc...
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RECA Residential Exam Latest Updated 2024
- Exam (elaborations) • 27 pages • 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 Exam 100% correct Answers [VERIFIED]
- Exam (elaborations) • 28 pages • 2024
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RECA Residential Exam 100% correct 
Answers [VERIFIED] 
 
**Fiduciary Representation** 
**Ans** Fiduciary representation involves trust and confidence. A fiduciary is required to act in the best 
interests of the client, maintaining loyalty throughout the relationship. 
 
**5 Ds of Role Clarity** 
**Ans** Role clarity is achieved by first having a discussion to identify roles, determining the 
responsibilities of each party, documenting the agreements, disclosing relevant informatio...
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RECA Residential Exam questions and answers latest 2023/2024
- Exam (elaborations) • 20 pages • 2024
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RECA Residential Exam questions and answers latest 2023Fiduciary 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 t...
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RECA Residential Exam Questions With Verified Answers
- Exam (elaborations) • 27 pages • 2024
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RECA Residential Exam Questions 
With Verified Answers 
Fiduciary Representation - answer- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity - answer1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing - 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 proceed with relationship 
m...
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RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified)
- Exam (elaborations) • 16 pages • 2024
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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...
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RECA Residential Exam questions and answers latest 2023
- Exam (elaborations) • 20 pages • 2023
- Available in package deal
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- $26.49
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RECA Residential Exam questions and answers latest 2023Fiduciary 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 consumers decision to proceed with relationship 
 
made to c...
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