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Real Estate Council Of Alberta Practice Of Property Management- Questions With Correct Answers | 2024

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Real Estate Council Of Alberta Practice Of Property Management- Questions With Correct Answers | 2024 Types of Properties - 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 - 1. Individual Investors 2. Sole Proprietorship 3. Partnership 4. Limited Partnership 5. Syndication 6. Commercial 7. Government Types of Property Management Operations - 1. Professional Fee Manage...

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RECA FUNDAMENTALS STUDY GUIDE| QUESTIONS AND ANSWERS

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RECA FUNDAMENTALS STUDY GUIDE| QUESTIONS AND ANSWERS duty-based ethics - Individual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - Sells the optimal result for the greatest number of people Advisory note - Punishment for a technical breach Administrative penalty/ fine - One or two potentially serious infraction would cause this punishment Ratification- acting without authority or in excess of authority Implication- advice ...

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RESIDENTIAL REAL ESTATE EXAM 2024 | COMPLETE SOLUTIONS 100% ACCURATE.

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RESIDENTIAL REAL ESTATE EXAM 2024 | COMPLETE SOLUTIONS 100% ACCURATE. Fiduciary Duty Principles - • Loyalty • Trust and confidence • Best interest What Are The 8 General Obligations? - • Exercise care and skill • Act honestly • Negotiate favorable terms • Maintain confidentiality • Disclose information • Act in person • Obey lawful instructions • Perform mandate what are the 6 Fiduciary Duties - • Provide utmost loyalty • Not make secret Profits • Handl...

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RECA FUNDAMENTALS EXAM | QUESTIONS AND ANSWERS | 2024|

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RECA FUNDAMENTALS EXAM | QUESTIONS AND ANSWERS | 2024| Which of the following is NOT a RECA educational resource for industry professionals? - Spatial Information System (Spin 2) Who is responsible for producing the "Real Property Report"? - Alberta Land Surveyor Benefits of RECAS trust assurance and practice review program - - effective record keeping and administrative procedures - education and advice in relation to brokerage trust accounting - identifies and resolves potential prob...

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RECA FUNDAMENTALS EXAM ALBERTA | COMPLETE SOLUTION | 100% ACCURATE PASS.

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RECA FUNDAMENTALS EXAM ALBERTA | COMPLETE SOLUTION | 100% ACCURATE PASS. Real Estate - refers to the land and fixed improvements to the land Classes of licence - associate, associate broker, broker and brokerage four areas of practice - residential, commercial, property management and mortgage Industrial property - include warehouses and custom-built manufacturing plants. Residential income property - include low-rise and high-rise apartments, duplexes, fourplexes and tow...

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RECA RESIDENTIAL UNIT 1, RECA RESIDENTIAL UNIT 2, RECA RESIDENTIAL UNIT 3, RECA RESIDENTIAL UNIT 4, RECA RESIDENTIAL UNIT 5, RECA RESIDENTIAL UNIT 6, RECA RESIDENTIAL UNIT 7, RECA RESIDENTIAL UNIT 8, RECA RESIDENTIAL UNIT 9 | COMPLETE QUESTIONS AND CORREC

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RECA RESIDENTIAL UNIT 1, RECA RESIDENTIAL UNIT 2, RECA RESIDENTIAL UNIT 3, RECA RESIDENTIAL UNIT 4, RECA RESIDENTIAL UNIT 5, RECA RESIDENTIAL UNIT 6, RECA RESIDENTIAL UNIT 7, RECA RESIDENTIAL UNIT 8, RECA RESIDENTIAL UNIT 9 | COMPLETE QUESTIONS AND CORRECT ANSWERS | BRAND NEW| 2024 | 100% PASS TEST BANK. 3 fundamental principles of fiduciary duty. AKA the 3 principles that give rise to fiduciary duties in a representation relationship: - Trust and Confidence, Best Interests, Loyalty ...

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RECA Fundamentals Exam | QUESTIONS AND ANSWERS 100% CORRECT.

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RECA Fundamentals Exam | QUESTIONS AND ANSWERS 100% CORRECT. 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 supp...

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RECA RESIDENTIAL UNIT 1 | WITH COMPLETE SOLUTIONS 100% PASS.

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RECA RESIDENTIAL UNIT 1 | WITH COMPLETE SOLUTIONS 100% PASS. 3 fundamental principles of fiduciary duty. AKA the 3 principles that give rise to fiduciary duties in a representation relationship: - Trust and Confidence, Best Interests, Loyalty 8 General Obligations of REPs - Exercise Care and Skill, Act Honestly, Negotiate Favourable terms, Maintain Confidentiality, Disclose Information, Act in Person, Obey Lawful Instructions, Perform Mandate 6 Points of Fiduciary Duties - Pr...

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RECA EXAM STUDY | QUESTIONS AND ANSWERS 100% ACCURATE PASS.

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RECA EXAM STUDY | QUESTIONS AND ANSWERS 100% ACCURATE PASS. Disclosure level 1 - 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 has a potential buyer. What level of disclosure must Carl provide? Others tell you that you have an ethical dilemma - When evaluating an ethical dilemma, the ...

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RECA RESIDENTIAL EXAM | QUESTIONS WITH CORRECT ANSWERS 100% ACCURATE 100% PASS.

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RECA RESIDENTIAL EXAM | QUESTIONS WITH CORRECT ANSWERS 100% ACCURATE 100% PASS. 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 ...

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