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RECA Package Deal With Verified Study Solutions (Questions And Answers) Rated A+

RECA Package Deal With Verified Study Solutions (Questions And Answers) Rated A+

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Unit 5 Of the RECA Fundamentals Questions & Answers Already Passed!!

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R145,19

Can you fill out forms on behalf of a buyer when you are employed by the seller? - Answer-yes, you can because you are helping the sale go through. but you can't give them any discretionary advice or judgment calls. you cant give them confidential advice you cant also represent them ELEMENTS O...

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RECA Fundamentals Exam Questions And Answers Rated A+

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R145,19

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 ...

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RECA PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTIONS, PASSED!!

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R145,19

A township is divided into how many sections? - 36 - 1 mile by 1 mile condominium (condo) - 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) - -buildings owned by corporations with...

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RECA Residential Unit 6 Questions and Answers Solved 100% Correct!!

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"Equity" meaning - The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property 2 reporting agencies in Canada that keep credit history data - Equifax Canada and TransUnion of Canada 2 rights of a lender (for ...

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RECA unit 6-4 Legal land description Questions & Answers Already Passed!!

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benefit of RPR to owner - .location of property boundary and improvement .measurement and distance of improvement .issue with property revealed .compliance with municipal requirement condominium plan - describe size, location, boundaries of land location of building plan number and unit number...

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RECA Fundamentals Of Real Estate Unit 10 Questions And Answers Rated A+

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R145,19

2 types of insurance required under condo corp property act - Liability, and insurance against perils AGM - must be held within 15 months of last. next board is elected, must give 2 weeks notice and provide, Financial statements for previous year, annual report of reserve fund, annual next year...

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RECA unit 5-1 common law and real property law Questions and Answers Solved 100% Correct!!

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breach - .one party announce not perform .one party make it impossible to perform .failure to perform capacity issue - .intoxication/ substance impairment .incompetence .age .language case law - court interpreted legislation applying to specific set of facts common law - system of historical...

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Unit 1 RECA Question with 100 % correct answers | Verified

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alberta real estate association - Answer-provincial member based organization representing the interests and concerns of albertas regional real estate boards BOMA of Canada - Answer-building owners and management association member based organization representing commercial real estate and proper...

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RECA Residential Unit 3 Questions And Answers Rated A+

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3 options for who determine the RMS property size (this should be discussed with seller client) - Answer- 1. by the REP 2. by REP and the seller 3. By a qualified person engaged to do so 3 types of town houses - Answer-Row, stacked, cluster (cluster seem to be the same as 4plexes but maybe more t...

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RECA Mortgage broker Questions And Answers Rated A+

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R145,19

According to the Dower Act, what is NOT one of the criteria used to determine if Dower applies? - Answer-The property is mortgaged in the name of one party According to the Dower Act, which of the following would be considered disposition of the property?I. Selling the propertyII. Leasing the pro...

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RECA Commercial Unit2 Question with 100 % correct answers | Verified

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(New supply) At the macro level, assessing new supply can be obtained through various sources that report building starts and units under construction. These sources include the following: (x4) - Non-residential building starts are compiled by Statistics Canada on a quarterly basis. Investment is...

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Reca - Residential Questions & Answers Already Passed!!

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4 types of light pollution - -Urban sky glow -Light trespass -Glare -Light clutter Accessibility - -Individuals ability to access a building, move within and independence without barriers. IE Ramps, lifts elevators. Accrual accounting - Recognizes revenues and expenses when the transaction occ...

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RECA Residential Exam Questions And Answers Rated A+

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R145,19

5 C's of Borrower Credit - Answer-Character, Capital, Capacity, Collateral, Credit 5 Ds of Role Clarity - Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Abandoned wells - Answer-- physical threat - allowing surface runoff to directly enter an aquifer - permitting cross contami...

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RECA fundamentals study guide Question with 100 % correct answers | Verified

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1 year - If you don't renew your registration how long is it before you have to get a new criminal record check 10 - How many days does a condo management company have to provide a copy of management agreement upon receiving written request 10,000 for individual 100,000 for business - Max fine...

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