Reca fundamentals exam - Study guides, Class notes & Summaries

RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024. 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 ma...

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RECA Fundamentals Exam Questions With 100% Correct Answers 2024

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RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer-Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer-Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer-Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity su...

1. Principal of Balance - Answer-value is created and sustained where there is equilibrium 10. Principal of Substitution - Answer-a buyer will pay no more for a property than the cost of acquiring a similar and equally desirable property 11. Principal of Contribution - Answer-value of a property attribute relates to the value it adds to the overall value of the property. basis by which adjustments are made to the sale prices of comparable properties 12. Principal of Progression - Answer-pr...

RECA Fundamentals Exam questions with correct answers 100% correctWhich of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the ...

RECA Fundamentals Exam; Questions and Answers 100% Solved Which of the following is NOT a RECA educational resource for industry professionals? Correct answer Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Correct answer Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Correct answer Consumer Price Index (CPI) Which of the fo...