Responsibilities of reca - Study guides, Class notes & Summaries

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...

RECA Exam Study Guaranteed Success 2 years Which of the following statements is correct regarding how soon a Reserve Fund Study must be completed for a new condominium? A contract that was valid and has now ended What is meant by a discharged contract? Admissions made by real estate professionals Which of the following is NOT considered a frequent cause of conflicts and disputes? Advisory Note Which of the following Professional Conduct Review outcomes is issued as a practice guide...

RECA Exam| Questions and Verified Answers|100% Correct| 2023/ 2024 Q: Which of the following best describes a written acknowledgement? Answer: It should state that the consumer received and understands the written disclosure made by a real estate professional Q: Which of the following types of authority allow an agent to act according to the usual ways of performing an action as established by the profession? Answer: Customary authority Q: Which of the following resp...

RECA Exam Study Questions And Answers 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? - ANS Disclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become aware of an ethical ...

RECA Fundamentals Exam questions with correct answers 100% correctWhich of the following is NOT a RECA educational resource for industry professionals? - correct answer Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - correct answer Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - correct answer Consumer Price Index (CPI) Which...

RECA Exam Study Questions And Answers (Updated And Verified) 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? - answerDisclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become ...

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...

RECA Exam| 2023/ 2024| Questions and Verified Answers| Grade A QUESTION Stan, a real estate professional registered with McAgent Real Estate Brokerage 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? Answer: Disclosure level 3 QUESTION Mary, a real estate pr...

RECA Exam Study Questions And Answers (Verified And Updated) 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? - answerDisclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become ...

RECA Exam Study Questions And Answers (Verified And Updated) 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? - answerDisclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become ...