RECA Residential 112 Exam Questions And Answers
Fiduciary Representation - ️️- Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - ️️1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - ️️- the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts that may influence consumers decision to proceed with relationship made to clarify and provide proof of undertanding in event issues or disputes arise Written Service Agreement vs Customer Acknowledgement Forms - ️️Written Service Agreement - when consumer chooses a representation relationship - becomes a client - provide signed copy to brokerage Customer Acknowledge forms
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