100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
RECA PRACTICE EXAM(RESIDENTIAL) 2024/2025 ACTUAL EXAM 100 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES (VERIFIED ANSWERS) | ALREADY GRADED A$14.49
Add to cart
1. Which of the following may RECA amend from time to B
time?
A) The Act
B) The Rules
C) The Regulations
D) All the statements are correct
2. According to the Act, which of the following state- D
ments apply if an industry professional whose con-
duct is subject to disciplinary proceedings make ap-
plication to withdraw from the profession?
A) If the application is approved, RECA issues a news
release
B) If the application is approved, all disciplinary pro-
ceedings are terminated
C) If the application is approved, it is a lifetime ban
from all industry professions governed by RECA
D) All the statements are correct
3. According to the Rules, which of the following state- A
ments is correct regarding written service agree-
ments?
A) Written service agreements must clearly indicate
the names of all parties to the agreement
B) All industry professionals are required to have
written service agreements in place with all clients
C) If a client refuses to sign a written service agree-
ment, the industry professional must refuse services
to that client
D) All the statements are correct
4. A real estate professional's authorization to trade in D
real estate expired on September 30. However, the
real estate professional continued to show properties
on behalf of a property management company for
which she received compensation. Given her actions
breached a section of the Rules and were deemed to
be potentially serious, which of the following disci-
plinary outcomes would the real estate professional
, RECA
Study online at https://quizlet.com/_9i1x4u
receive?
A) Consent Agreement
B) Letter of Reprimand
C) Temporary Suspension
D) Administrative Penalty
5. Which privacy legislation affects how Alberta real D
estate professionals handle client information?
Privacy Information Act
Right to Personal Privacy Act
Personal Information Protection Act
Personal Information Protection and Electronic Doc-
uments Act
A) Statements I and II
B) Statements I and IV
C) Statements II and III
D) Statements III and IV
6. When the licence of a real estate brokerage is sus- A
pended, what actions must real estate professionals
who are registered with the brokerage take?
A) They must cease to trade in real estate
B) They must cancel their authorization with RECA
C) They must apply for withdrawal from the profes-
sion
D) They must become registered with another broker-
age
7. Which of the following Professional Conduct Review A
outcomes is issued as a practice guideline for a tech-
nical breach of the legislation?
A) Advisory Note
B) Production Order
C) Letter of Reprimand
D) Administrative Penalty
8. Mary, a real estate professional registered with ABC B
Real Estate Brokerage, has agreed to purchase her
neighbour's ranch. The seller of the property is not
, RECA
Study online at https://quizlet.com/_9i1x4u
represented by a real estate professional. What level
of disclosure does Mary need to provide?
A) Disclosure level 1
B) Disclosure level 2
C) Disclosure level 3
D) No disclosure level
9. Pursuant to the Rules, which of the following is a D
result of an industry professional's failure to immedi-
ately notify the Executive Director of changes to infor-
mation provided in support of a licence application?
A) Executive Director may refer the matter for a Pro-
fessional Conduct Review
B) Executive Director may suspend the industry pro-
fessional's licence
C) Executive Director may cancel the industry profes-
sional's licence
D) All the statements are correct
10. Stan, a real estate professional registered with McA- C
gent Real Estate Brokerage has just listed his com-
mercial property for lease with his brokerage. Jim,
another real estate professional registered with the
same brokerage tells Stan that he has a client inter-
ested in leasing the property. What level of disclosure
is required in this situation?
A) Disclosure level 1
B) Disclosure level 2
C) Disclosure level 3
D) No disclosure level
11. With respect to brokerage record keeping, which of D
the following statements is correct?
Brokerage records must be kept in Alberta
Brokerage records may be maintained in electronic
form
Brokerage records must be kept by the brokerage for
3 years
Brokerage records must be accessible to RECA for
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 TheAlphanurse. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
