Benefits of reix - Study guides, Class notes & Summaries
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RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct
- Exam (elaborations) • 36 pages • 2023
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RECA Fundamentals Exam| 2023/ 2024| 
Questions and Verified Answers|100% Correct 
 
QUESTION 
Errors and Omissions Insurance? 
 
 
Answer: 
real estate equivalent of malpractice coverage 
 
 
 
QUESTION 
 
Comprehensive General Liability Insurance? 
 
 
Answer: 
- broad coverage for claims against injury/damage 
- civil liability (a fall) 
- any damages or injuries 
- legal defense costs 
- does not cover issues related to real estate transactions 
 
 
 
QUESTION 
Voluntary Broker Resoluti...
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RECA Fundamentals Exam Questions and Answers Already Passed
- Exam (elaborations) • 34 pages • 2023
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RECA Fundamentals Exam Questions and Answers Already Passed 
Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) 
Which entity has the authority to amend the Real Estate Act 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 Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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RECA Fundamentals Exam 2023 Questions with Verified Answers
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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...
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RECA Fundamentals Exam Questions with Correct Answers
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RECA Fundamentals Exam Questions with Correct Answers 
 
Personal Ethics - Answer-Morals - held by individual 
Ethics - Standard of Conduct (values/beliefs that guide actions) 
Professional Standards - Rules and Regulations 
 
Ethical Decision Making - Answer-1. Recognize 
2. Analyze 
3. Test 
3A. Seek assistance if needed 
4. Implement 
 
Golden rule - Answer-Do unto others as you would have them do unto you 
 
Real Estate Insurance Exchange (REIX) - Answer-- provides financial protection 
- c...
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RECA Exam | 2023/ 2024 Update| Real Questions and Verified Answers|100% Correct- Grade A
- Exam (elaborations) • 30 pages • 2023
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RECA Exam | 2023/ 2024 Update| Real 
Questions and Verified Answers|100% Correct- Grade A 
 
 
QUESTION 
Which of the following are benefits of professional courtesy? It helps avoid legal proceedings 
against real estate professionals 
It helps avoid a professional conduct review being conducted by RECA It helps avoid the 
issuance of disciplinary outcomes by RECA 
It helps avoid claims being made against REIX 
A) Statements I, II and III B) Statements II, III and IV C) Statements I, III and ...
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RECA Fundamentals Exam || With Questions & 100% Correct Solutions
- Exam (elaborations) • 15 pages • 2024
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RECA Fundamentals Exam || With Questions & 100% Correct Solutions 
RECA Fundamentals Exam || With Questions & 100% Correct Solutions 
 
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...
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RECA FUNDAMENTALS OF MORTGAGE BROKERAGE 2023 EXAM WITH QUESTIONS AND CORRECT DETAILED ANSWERS
- Exam (elaborations) • 15 pages • 2024
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RECA FUNDAMENTALS OF MORTGAGE 
BROKERAGE 2023 EXAM WITH QUESTIONS 
AND CORRECT DETAILED ANSWERS 
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 
(...
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RECA Unit 4|2023 LATEST UPDATE|GUARANTEED SUCCESS
- Exam (elaborations) • 10 pages • 2023
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Describe the broker in relation to the brokerage 
Broker is the entrepreneur of the business (brokerage). 
The person with the authority (license and registration) to lead the brokerage 
The responsibility of the brokerage rests squarely on their shoulders 
Therefore, the broker is also responsible for the brokerage, and any wrong doings from associates/associate brokers is the brokers responsibility/fault 
 
 
 
Explain the qualifications to become a broker 
-Comeplete REAP and all 4 practice c...
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RECA Fundamentals Exam with Complete Solutions
- Exam (elaborations) • 15 pages • 2023
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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 su...
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RECA Fundamentals Exam 2023 with 100% correct questions and answers
- Exam (elaborations) • 15 pages • 2023
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- $9.99
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Which of the following is NOT a RECA educational resource for industry professionals? 
Spatial Information System (Spin 2) 
 
 
 
Which entity has the authority to amend the Real Estate Act 
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 
Consumer Price Index (CPI) 
 
 
 
Which of the following will occur to the supply of a good when there is a change in quantity supplied due t...
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