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RECA Residential Unit 9 with complete verified solutions .
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RECA Residential Unit 9 with complete verified solutions .
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RECA Residential Unit 9 withcomplete verified solutions
2025-2026
Difference between a Customer, Common Law Agency and a
Designated agency relationship - answer Customer Relationship is
when a consumer represents themselves and is a customer to the
real estate representative or broker.
Common Law Agency Relationship is a client relationship which the
brokerage represents the buyer.
Designated Agency Relationship is a client relationship which the
REP represents the buyer as a designated agent.
6 responsibilities of a REP to their clients - answer 1. Undivided
Loyalty
2. Confidentiality
3. Full Disclosure
4. Obedience
5. Reasonable Care and Skill
6. Full Accountability
, When should REPs discuss the Consumer Relationship guide with a
buyer? - answer Before a service agreement is entered into
Do Non-exclusive buyer service agreements allow the buyer to have
a representation relationship with multiple real estate
professionals? - answer Yes
In the case the buyer pays the fee to the buyer client's REP, what
happens to the fee the seller offers to the buyer's REP? - answer
any fee offered by the seller to a buyer's REP can be deducted from
the purchase price of the property.
What happens if the fee the seller offers to pay more than the fee
sought by the buyer's REP? - answer The buyer will receive the
excess amount
If the seller is offering to pay less than the fee sought by the buyer's
REP, the following options are available for the buyer's REP. - answer
1. The buyer may have committed through the service agreement to
pay the difference.
2. If the buyer chooses not to pay the fee or not to top up the fee
paid by the seller, the REP is not obligated to show those properties
to the buyer.
If the brokerage or designated agent, buyer, or seller decides not to
have the brokerage or designated agent facilitate the transaction
(through transactional brokerage), the brokerage or designated
agent will act as the sole agent for which of the parties? - answer
the first to have signed a representation agreement (unless all the
parties agree otherwise in writing)
Is GST applicable for the fees charged by REPs? is it typically
included in the fee? - answer Yes it is applicable. No it is not
typically included in the fee.
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