Reca terms - Study guides, Class notes & Summaries

RECA Residential Real Estate Terms| Questions and Answers, 100% Correct| Latest 2024 General Power of Attorney -No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney -Has specific of limited powers in regards to the donor -Also referred to as a Limited Power of Attorney Immediate Power of Attorney...

Residential Real Estate RECA Terms Exam Questions and Answers

RECA Exam| Actual Questions and Verified Answers|100% Correct| 2023/ 2024- Grade A Q: Stan, a real estate professional registered with McAgent Real Estate Bro- kerage has just listed his commercial property for lease with his brokerage. Jim, another real estate professional registered with the same brokerage tells Stan that he has a client interested in leasing the property. What level of disclosure is required in this situation? A) Disclosure level 1 B) Disclosure level 2 C) Disclosure...

Residential Real Estate RECA Terms Exam Questions and Answers

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 ...

Residential Real Estate RECA Terms Exam Questions and Answers

General Power of Attorney - Answer- -No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney - Answer- -Has specific of limited powers in regards to the donor -Also referred to as a Limited Power of Attorney Immediate Power of Attorney - Answer- -Makes financial and legal decisions on behalf of t...

RECA Exam Study Guide Questions and Answers Rated A+ Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his brother's house for sale with the brokerage. A real estate professional with another brokerage contacts Carl and asks to preview the property as she has a potential buyer. What level of disclosure must Carl provide? Disclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become aware of ...

RECA RESIDENTIAL EXAM UNITS 1-9| RECA RESIDENTIAL TEST BANK| 1763 QUESTIONS &ANSWERS 100% CORRECT|COMPLETE SOLUTION GUIDE| LATEST 2024 RECA RESIDENTIAL EXAM UNITS 1-9| RECA RESIDENTIAL TEST BANK| 1763 QUESTIONS &ANSWERS 100% CORRECT|COMPLETE SOLUTION GUIDE| LATEST 2024 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 Exer...