RECA/Alberta Real Estate Bundled Exams Questions and Answers | 100% Verified and Updated 2024

RECA Exam Study Questions with correct Answers Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his brother's house for sale with the brokerage. A real estate professional with another brokerage contacts Carl and asks to preview the property as she h...

Reca CH1 Quiz 2024 -100% Solved Which of the following is NOT a non-price determinant of demand? A) Market size B) Costs of production C) Availability of credit D) Consumers' disposable income -Answer-C) Availability of credit Which entity has the authority to amend the Real Estate Act? A) R...

RECA fundamentals study guide with complete solutions duty-based ethics -Answer-Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics -Answer-Sells the optimal result for the greatest number of people Advisory note -Answer-Punish...

Practice of Property Management- Real Estate Council of Alberta Exam Questions and Answers 2024 Types of Properties -Answer-1. Single Family Residential 2. Multi Family Residential: Low High, Mid Rise High Rise, Row Housing 3. Cooperative 4. Condominium 5. Commercial Forms of Ownership -Answe...

RECA Residential Exam 2024 Questions and Answers Fiduciary Representation -Answer-- Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity -Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing -Answer-- the nature of services provided - whethe...

RECA Residential Unit 7 Exam Questions and Answers 2024 under which Act/Law are all Alberta municipalities empowered to shape their communities? - Answer-MGA - The Municipal Government Act Which department is responsible for administration of the MGA? -Answer-Municipal Affairs is the department ...

RECA Residential Unit 2 Exam Questions and Answers 9 things that, when representing sellers, REPs can do -Answer-1. Identify the features, qualities, and advantages that relate to the sellers' property 2. Describe the property appropriately in the applicable listing service and property database...

RECA Commercial Unit2 Exam Questions and Answers 2024 Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) -Answer-1. They involve land 2.Transaction time frames are long 3. Transacti...

-Clarifies responsibilities and services to consumers -Reduces disputes PIPEDA -Answer-Federal - privacy act PIPA -Answer-Provincial - Privacy act CASL -Answer-Canada's anti spam legislation - federal Privacy principles -Answer--Accountability -Identifying purposes -Consent -Limiting collec...