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Real Estate Correct Answer refers to the land and fixed improvements to the land Classes of licence Correct Answer associate, associate broker, broker and brokerage Four areas of practice Correct Answer residential, commercial, property management and mortgage Industrial property Correct Answer include warehouses and custom-built manufacturing plants. Residential income property Correct Answer include low-rise and high-rise apartments, duplexes, fourplexes and townhouses Supply an...

Duty-based ethics Correct Answer Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome Utalitarian ethics Correct Answer Sells the optimal result for the greatest number of people Advisory note Correct Answer Punishment for a technical breach Administrative penalty/ fine Correct Answer One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- ad...

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 following will occur to the supply of a good when there is a cha...

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 perio

RECA Fundamentals Exam Questions and Answers Rated 100% Which of the following is NOT a RECA educational resource for industry professionals? - Answers Spatial Information System (Spin 2) Who is responsible for producing the "Real Property Report"? - Answers Alberta Land Surveyor Benefits of RECAS trust assurance and practice review program - Answers - effective record keeping and administrative procedures - education and advice in relation to brokerage trust accounting - identifies ...

RECA FUNDAMENTALS EXAM QUESTIONS AND VERIFIED ANSWERS| (2024/ 2025 UPDATE) Principal of Balance - □□ value is created and sustained where there is equilibrium Principal of Substitution - □□ a buyer will pay no more for a property than the cost of acquiringa similar and equally desirable property Principal of Contribution - □□ value of a property attribute relates to the value it adds to theoverall value of the property. basis by which adjustments are made to the sale prices ...

RECA FUNDAMENTALS EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS| ALREADY GRADED A+

RECA Fundamentals Study Guide Questions And Answers 100% Verified. duty-based ethics - correct answer. Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - correct answer. Sells the optimal result for the greatest number of people Advisory note - correct answer. Punishment for a technical breach Administrative penalty/ fine - correct answer. One or two potentially serious infraction would cause ...

RECA Fundamentals Exam Questions With Complete Solutions. 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...