Reca commercial unit exam - Study guides, Class notes & Summaries

Unit 1 RECA Final Exam Study Guide Test. Define real estate - CORRECT ANSWER refers to land and fixed improvements to land (permanent) What are the building classifications - CORRECT ANSWER Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - CORRECT ANSWER Residential commercial rural property management characteristics that identifies real estate as limited resource - CORRECT ANSWER scarce characteristic that defines real es...

Fundamentals of Mortgage Brokerage Exam With Complete Solutions AACI - answerAccredited Appraiser Canadian Institute - designation granted by Appraisal Institute of Canada Accelerated Payments - answerpayment options stream whereby the monthly mortgage payment is either split in half or in quarters and is paid every two weeks (bi-weekly) or every week (weekly) Accredited Mortgage Professional - AMP - answernational designation for mortgage professionals in Canada issued by the Canadian A...

Unit 1 RECA Exam Questions With Verified Answers Define real estate - answerrefers to land and fixed improvements to land (permanent) What are the building classifications - answerResidential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - answerResidential commercial rural property management characteristics that identifies real estate as limited resource - answerscarce characteristic that defines real estate as indestructable - answerdurable real ...

RECA Exam 1 With Correct Solutions Already Passed A+ 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? *ANS* Disclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become aware of...

RECA Commercial EXAM 2 Correctly Solved 100% Pass Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) *ANS* 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on ...

RECA Exam Study Questions and Answers 100% Pass 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? Disclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become aware of an ethical dilem...

RECA Residential Exam with Verified Solutions Rated 100% Fiduciary Representation -ANS- - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity -ANS- 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing -ANS- - 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 ...

RECA Commercial Unit 2 Exam Guide Top Rated 2024 CORRECT QUESTIONS AND ANSWERS GRADE A.