Unit 1 reca - Study guides, Class notes & Summaries

Unit 1 RECA questions and answers latest 2023 Define real estate - correct answer refers to land and fixed improvements to land (permanent) What are the building classifications - correct answer Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - correct answer Residential commercial rural property management characteristics that identifies real estate as limited resource - correct answer scarce characteristic that defines real e...

RECA RESIDENTIAL UNIT 1 | WITH COMPLETE SOLUTIONS 100% PASS. 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 of Fiduciary Duties - Pr...

Define real estate - Answer-refers to land and fixed improvements to land (permanent) What are the building classifications - Answer- Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - Answer-Residential commercial rural property management characteristics that identifies real estate as limited resource - Answer-scarce characteristic that defines real estate as indestructable - Answer-durable real estate as immobile - Answer-...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - 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 - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

Define real estate refers to land and fixed improvements to land (permanent) What are the building classifications Residential Commercial Retail Institutional Agricultural 00:31 01:34 Real Estate Sectors/Property Types Residential commercial rural property management characteristics that identifies real estate as limited resource scarce characteristic that defines real estate as indestructable durable real estate as immobile fixed p...

RECA Commercial Unit 2; Questions and Answers 100% Solved Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) Correct answer 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve...

RECA RESIDENTIAL EXAM UNIT 1-9 1000+ Q&A EXPERT VERIFIED WITH DETAILED ANSWERS 2023/2024 GUARANTEED PASS

Unit 1 RECA Exam Questions With Verified Answers Define real estate - answerrefers to land and fixed improvements to land (permanent) What are the building classifications - answerResidential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - answerResidential commercial rural property management characteristics that identifies real estate as limited resource - answerscarce characteristic that defines real estate as indestructable - answerdurable real ...

RECA Unit 1 Exam; Questions and Answers 100% Solved Define real estate Correct answer refers to land and fixed improvements to land (permanent) What are the building classifications Correct answer Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types Correct answer Residential commercial rural property management characteristics that identifies real estate as limited resource Correct answer scarce characteristic that defines real estate ...