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Reca Unit 4 Session And Unit Exam Questions And Answers With Verified Solutions Already Passed!!!
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Reca Unit 4 Session And Unit Exam Questions And Answers With Verified Solutions Already Passed!!!
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Reca Unit 4 Session And Unit ExamQuestions And Answers With Verified
Solutions Already Passed!!!
REIX is a mandatory self-insurance program - ANSWER✔✔ real estate
professionals
which statement does not apply to REIX - ANSWER✔✔ the program covers claims
for comissions related to trades
which of the following transaction is NOT excluded from coverage under the REIX
policy - ANSWER✔✔ real estate professionals selling property for other real
estate professionals
if REIX has multiple claims from the same real estate professional within a 3-year
period, what would the deductible be for the second claim - ANSWER✔✔ $7,000
which organization oversees the collection of premiums for REIX - ANSWER✔✔
RECA
when is the payment of REIX premiums due - ANSWER✔✔ September
on what basis is the amount of REIX premium determined - ANSWER✔✔ By
annual indemnities paid and potential claims in progress
which of the following is not excluded from coverage in the REIX - ANSWER✔✔
issues that are related to errors in transactions
, which describes the type of insurance program represented by REIX -
ANSWER✔✔ reciprocal insurance program
actions that deter dispute resolution - ANSWER✔✔ -ignore the dispute
-be confrontational
-lobby inside the brokerage
-discuss dispute outside the brokerage
-attempt to caveat property
-attempt to caveat property
true or false (all province must comply with the personal information protection
act) - ANSWER✔✔ false
which refers to an individuals ability to control his or her personal information -
ANSWER✔✔ privacy
describe personal information - ANSWER✔✔ information that identifies an
individual
which statements best describes informed consent - ANSWER✔✔ -it requires an
understanding of facts, implications and consequences of giving consent
-it must not be obtained based on misinformation, dishonesty, or deception
what is not an example of individuals personal information - ANSWER✔✔ -office
phone number and email
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