Reca unit 1 2023 - Study guides, Class notes & Summaries

Unit 7 Quiz(RECA)correctly answered rated A+ 2023 What are Alberta's six natural water sources? A) Surface water, rain water, rivers, river basins, lakes, and wetlands B) Surface water, rivers, river basins, frozen water, lakes, and springs C) Surface water, rivers, river basins, lakes, wetlands, and springs D) Surface water, rivers, river basins, lakes, wetlands, and wells - correct answer C Which of the following statements are correct regarding a Conservation Easement? 1. A Conserva...

RECA Residential Unit 8: Q&A All Correct 2023 What do REPs have a regulatory obligation to present and discuss with the consumer? - Answer - The Consumer Relationship guide (the Guide) By signing the guide (the consumer relationship guide), is the consumer committed to work with the particular real estate professional/brokerage? - Answer - No 2 types of consumer relationships - Answer - client and customer Difference between Common Law Agency relationship and Designated Agency Relati...

RECA unit 2-1 real estate act 2-2 broker authorizattion Questions and Answers Latest (2023 / 2024) (Verified Answers)

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 estate as indestructable - correct answer durable

RECA Commercial Unit 2 | Questions & Answers 2023 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...

Which of the following represents an accountability mechanism that RECA must comply with under the Act? A) RECA must prepare for the Minister of Service Alberta an annual report for the previous year end B) RECA must prepare for the Minister of Service Alberta an annual consumer report on the investigations conducted C) RECA must prepare for the Minister of Service Alberta a market report on the industries it regulates D) RECA must prepare for the Minister of Service Alberta a report on ...

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 estate as indestructable - correct answer durable real estat...

Which of the following represents an accountability mechanism that RECA must comply with under the Act? A) RECA must prepare for the Minister of Service Alberta an annual report for the previous year end B) RECA must prepare for the Minister of Service Alberta an annual consumer report on the investigations conducted C) RECA must prepare for the Minister of Service Alberta a market report on the industries it regulates D) RECA must prepare for the Minister of Service Alberta a report on de...

Define real estate refers to land and fixed improvements to land (permanent) What are the building classifications Residential Commercial Retail Institutional Agricultural 00:31 01:34 Real Estate Sectors/Property Types Residential commercial rural property management characteristics that identifies real estate as limited resource scarce characteristic that defines real estate as indestructable durable real estate as immobile fixed p...