RECA Residential Exam Questions and Answers 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...
reca residential exam questions and answers 100 pass
fiduciary representation trust and confidence best interests loyalty
Geschreven voor
RECA
RECA
3
beoordelingen
Door: sandeepbasraa • 2 maanden geleden
Door: emran121 • 5 maanden geleden
very confusing due to too much highlighted areas.
Door: kpoghosyan96 • 1 jaar geleden
Verkoper
Volgen
BrilliantScores
Ontvangen beoordelingen
Voorbeeld van de inhoud
RECA Residential Exam Questions and Answers 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 with relationship made to clarify and provide proof of undertanding in event issues or disputes arise Written Service Agreement vs Customer Acknowledgement For ms ✔✔Written Service Agreement - when consumer chooses a representation relationship - becomes a client - provide signed copy to brokerage Customer Acknowledge forms - non-representation relationship - becomes a customer - provide signed copy to brokerage PIPEDA ✔✔- Federal legislation PIPA ✔✔Alberta's legislation, how private organizations use and disclose personal information. Power of Attorney ✔✔a legal document authorizing someone to act on your behalf - must be 18 - POA must be written, dated and s igned by both donor and witness - donor must be mentally capable or contract is void - only effective as long as donor is alive, will takes effect once death Types of POA ✔✔General POA - has no limits on powers of the attorney - can make all decisions regarding financial and legal affairs - exception where the donor resides and health care Special POA - make certain decisions - also called limited POA - may grant authority to oversee sale, deals with land - must be registered o n Certificate of Title Immediate POA - takes effect as soon as POA is signed, dated and witnessed - terminates upon loss of mental capacity or death Enduring POA - immediately upon being signed, dated and witnessed - continues if donor becomes incapable , mentally incapacitated - must include statement whether it takes effect immediately and continues... Judicial Sale ✔✔Court ordered sale usually as a way to resolve legal matters - primary debt recovery method for default mortgages Foreclosure ✔✔legal a ction supervised by the court following a default on the mortgage. -transfers the real property from the borrower to the lender and erases interests on title. Alberta Building Code ✔✔Legislation that establishes technical specifications for new building construction and construction materials Building Permit ✔✔typically valid for one year during which construction process must be initiated
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper BrilliantScores. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €10,25. Je zit daarna nergens aan vast.
