Reca exams - Study guides, Class notes & Summaries
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RECA Unit 2 Study Guide 100% Accurate
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The purposes of RECA according to the Act is the following... - ANSWER 1. Set and enforce rules for industry members to follow, to promote integrity, and protect the consumer from mortgage fraud. 
2. Provide services that help industry professionals in the industry. 
3. Administer (enforce) the Act through the Rules, Regulations & Bylaws 
 
Describe and explain the differences between the Rules, Regulations & Bylaws - ANSWER 1: Rules are a set of instructions to be followed by all industry profe...
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RECA Residential Exam Questions and Answers 100% Pass LATEST FOR 2024 EXAMS.
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RECA Residential Exam Questions and 
Answers 100% Pass LATEST FOR 2024 EXAMS.
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RECA Residential Exam Questions and Answers 100% Pass LATEST FOR 2024 EXAMS
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RECA Residential Exam Questions and 
Answers 100% Pass LATEST FOR 2024 EXAMS
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RECA RESEDENTIALS EXAMS 2023-2024 QUESTIONS WITH COMPLETE SOLUTIONS
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RECA RESEDENTIALS EXAMS 2023-2024 QUESTIONS WITH COMPLETE SOLUTIONS 
Fiduciary Representation - ANSWER- 
I.	Trust and confidence 
II.	Best interests 
III.	Loyalty 
 
5 Ds of Role Clarity - ANSWER- 
I.	Discuss 
II.	Determine 
III.	3. Document 
IV.	4. Disclose 
V.	5. Do 
 
Must disclose in writing - ANSWER— 
I.	the nature of services provided 
II.	- whether professional has entered representation relationship with other party 
III.	any conflicts of interest 
IV.	any other facts that may influenc...
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RECA EXAMS PACKAGE DEAL
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RECA Unit 2 Study Guide 100% Correct
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Complete some basic suitability questions 
Then the application is routed from RECA to your broker, where he accepts the application, and either you or the broker pays the fee 
 
Describe the process for going from associate, to associate broker - ANSWER For an associate to become an associate broker they must: Complete all REAP practice courses, complete the Real Estate Brokers Program. Score 70% or more on the final exams. Practice two years in Alberta as a licensed professional within the las...
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RECA PRACTICE EXAMS QUESTIONS WITH VERIFIED ANSWERS GRADED A+ 2023-2024
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RECA PRACTICE EXAMS QUESTIONS WITH VERIFIED ANSWERS GRADED A+ 2023-2024 
Meridians and ranges are - ANSWER-Longitudinal lines 
 
Condominium (condo) - ANSWER-form of ownership with the owners holding legal title to their own housing unit among many, with common grounds and facilities shared ownership 
 
Cooperatives (co-ops) - ANSWER--buildings owned by corporations with the residents as shareholders who each receive a proprietary lease on an individual unit and the right to use common areas 
 
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VALUE PACK:- REAL ESTATE COUNCIL OF ALBERTA (RECA) EXAMS
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VALUE PACK:- REAL ESTATE COUNCIL OF ALBERTA (RECA) EXAMS
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RECA RESIDENTIAL EXAM ALL UNITS EXAM PACKAGE DEAL CONTAINS RECA RESIDENTIAL EXAMS CORRECT QUESTIONS AND ANSWERS LATEST 2024.
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RECA RESIDENTIAL EXAM ALL UNITS EXAM PACKAGE DEAL CONTAINS RECA RESIDENTIAL EXAMS CORRECT QUESTIONS AND ANSWERS LATEST 2024.
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RECA RESIDENTIAL EXAM UNIT 1 -UNIT 9 REAL EXAMS PACKAGE DEAL.
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RECA RESIDENTIAL EXAM UNIT 1 -UNIT 9 REAL EXAMS PACKAGE DEAL.
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