Issues in real estate Study guides, Class notes & Summaries
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RECA Fundamentals Study Guide 2024 Questions And Answers Graded A+
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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 outside of objective These two ways of creating ...
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RECA Fundamentals Exam Questions and Answers Already Passed
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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 period of time Consumer Price Index (CPI) 
Which of the following will occur to the supply of a good when ther...
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Texas Promulgated Contracts-CHAMPIONS Exam 2022-2023.
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Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. 
The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. 
 
(a) Default 
 
(b) Mutual consent 
 
(c) Property condition 
 
(d) Recording 
 
A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. 
 
(a) Executory 
 
(b) Executed 
 
(c) Bilatera...
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DC Property Manager Exam – Questions with 100% Correct Answers | Updated 2024
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DC Property Manager Exam – Questions with 100% 
Correct Answers | Updated 2024 
Management Plan - Answer ️️ -1. Current use 
2. Current condition 
3. Fiscal projections 
4. Operational issues 
Market Analysis - Answer ️️ -Regional and neighborhood evaluation focusing on: 
1. Demographic conditions 
2. Geographic features 
3. Governmental perspective 
4. Existing real estate supply 
5. Future developments 
6. Tenant demand 
Analysis of Alternatives - Answer ️️ -Theoretical costs and...
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RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct
- Exam (elaborations) • 36 pages • 2023
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RECA Fundamentals Exam| 2023/ 2024| 
Questions and Verified Answers|100% Correct 
 
QUESTION 
Errors and Omissions Insurance? 
 
 
Answer: 
real estate equivalent of malpractice coverage 
 
 
 
QUESTION 
 
Comprehensive General Liability Insurance? 
 
 
Answer: 
- broad coverage for claims against injury/damage 
- civil liability (a fall) 
- any damages or injuries 
- legal defense costs 
- does not cover issues related to real estate transactions 
 
 
 
QUESTION 
Voluntary Broker Resoluti...
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Residential Inspection for Real Estate Agents - Champions School of Real Estate| 409 questions and answers
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Deficiency 
A ________, in the reasonable judgment of the inspector, is a condition that adversely 
and materially affects the performance of a system, or component. 
 
 
 
Inspection 
Process of examining accessible items, and 
reporting their condition 
 
 
 
RESPA 
Prohibits abusive practices like undisclosed 
referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs. 
 
 
 
Departure Provision 
The inspector may not inspect an item if the ...
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The Law and Business Administration in Canada, 15th Edition by J. Smyth, Dan Soberman, A. Easson and Shelley McGill. ISBN 9780135243039, 0135243033. All Chapters 1-32 in 674 Pages. TEST BANK.
- Exam (elaborations) • 674 pages • 2023
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The Law and Business Administration in Canada, The Hardcover – Feb. 15 2019 by J. Smyth, Dan Soberman, A. Easson and Shelley McGill. ISBN 3039, 3. All Chapters 1-32 in 674 Pages. T EST BANK. TABLE OF CONTENTS Chapter 1 Law, Society, and Business Chapter 2 The Machinery of Justice Chapter 3 Government Regulation of Business Chapter 4 The Law of Torts Chapter 5 Professional Liability: The Legal Challenges Chapter 6 Formation of a Contract: Offer and Acceptance Chapter 7 Formation of a Contract: ...
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Florida Real Estate U Final Exam Questions & Answers(RATED A)
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An appraisal can be completed by which of the following? 
 
A home inspector 
A real estate broker 
A licensed appraiser using USPAP standards 
A mortgage loan originator - ANSWERA licensed appraiser using USPAP standards 
 
What is a BPO? 
 
Broker Price Opinion 
Best Practice Organization 
Best Prospective Offer 
Beyond Present Opportunities - ANSWERBroker Price Opinion 
 
Which of the following is incorrect? 
 
Farming methods include Direct Mail and Just Listed Post Cards. 
Farming only invo...
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BOMI FM Fundamentals Questions with 100% Correct Answers | Latest Version 2024 | Verified
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BOMI FM Fundamentals Questions with 
100% Correct Answers | Latest Version 
 
2024 | Verified 
 
quality assessment - Facilities management responsibilities such as evaluating the effectiveness of 
service, benchmarking, management of audits, and development of innovative improvements 
 
What professional aspect of facilities management distinguishes it from related professions? - 
coordination across traditionally separate disciplinary lines 
 
How can a facilities manager best improve worker p...
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M100 Exam Questions with correct Answers
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Community Association - Answer- Legal entity in which the owners enjoy the protection, enhancement, maintenance, and preservation of their homes and property 
 
Three defining characteristics of Community Association - Answer- Mandatory Membership, Mutually Binding Documents, and Lien-Based Assessments 
 
Mandatory Membership - Answer- Membership in the community association is mandatory and automatic for all owners 
 
Mutually Binding Documents - Answer- Certain association governing documents ...
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