Reca special exam - Study guides, Class notes & Summaries

RECA Residential Exam Questions With 100% Verified Answers. Must disclose in writing - answer- 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 Forms - answerWritten Service ...

RECA Residential Exam Questions And Answers 100% Guaranteed Success. Fiduciary Representation - correct answer. - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - correct answer. 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - correct answer. - the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts th...

RECA Residential Unit 7 Exam Questions and Answers 2024 under which Act/Law are all Alberta municipalities empowered to shape their communities? - Answer-MGA - The Municipal Government Act Which department is responsible for administration of the MGA? -Answer-Municipal Affairs is the department responsible for administering the Municipal Government Act MGA contains 3 key topics -Answer-1. Assessment and Taxation 2. Governance and Administration 3. Planning and Development When was the fir...

RECA Residential Exam (Tested 2024) 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 relatio...

RECA Commercial Unit2 Exam Questions and Answers 2024 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) -Answer-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 retur...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

RECA Commercial Unit2 Exam Questions and Answers 2024 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) -Answer-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 retur...

RECA Fundamentals Study Guide Exam Questions And Answers (Updated And Verified) Duty-based ethics - answerIndividual is expected to do the right thing cause it's the right thing to do, regardless of outcome utalitarian ethics - answerSells the optimal result for the greatest number of people Advisory note - answerPunishment for a technical breach Administrative penalty/ fine - answerOne or two potentially serious infraction would cause this punishment Ratification- acting without autho...

RECA Residential Exam Latest Updated 2024 Power of Attorney - a legal document authorizing someone to act on your behalf - must be 18 - POA must be written, dated and signed 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 re...

RECA Commercial Unit 2 Correctly Solved Exam [100% Correct] Commercial real estate properties exhibit several features that set them apart from other investment types. These features include the following: (x10) **Answer:** 1. They involve land 2. Transaction timelines are long 3. High transaction costs 4. Expensive assets 5. Durable, long-lasting properties 6. Heavily regulated 7. Prolonged production cycle 8. Require intensive management 9. Unique and heterogeneous as...