Exam (elaborations)
Reca Unit 4 Session And Unit Exam Questions And Answers With Verified Solutions Already Passed!!!
- Course
- Institution
Reca Unit 4 Session And Unit Exam Questions And Answers With Verified Solutions Already Passed!!!
[Show more]
Content preview
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller classhub. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79789 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now