Real estate counc - Study guides, Class notes & Summaries

PRACTICE OF PROPERTY MANAGEMENT REAL ESTATE COUNCIL OF ALBERTA EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+

RECA Exam| 2023/ 2024| Questions and Verified Answers| Grade A QUESTION Stan, a real estate professional registered with McAgent Real Estate Brokerage has just listed his commercial property for lease with his brokerage. Jim, another real estate professional registered with the same brokerage tells Stan that he has a client interested in leasing the property. What level of disclosure is required in this situation? Answer: Disclosure level 3 QUESTION Mary, a real estate pr...

Types of Properties - correct answer 1. Single Family Residential 2. Multi Family Residential: Low High, Mid Rise High Rise, Row Housing 3. Cooperative 4. Condominium 5. Commercial Forms of Ownership - correct answer 1. Individual Investors 2. Sole Proprietorship 3. Partnership 4. Limited Partnership 5. Syndication 6. Commercial 7. Government Types of Property Management Operations - correct answer 1. Professional Fee Management Company 2.Asset Management 3. In-...

Types of Properties - ANSWER >>>>1. Single Family Residential 2. Multi Family Residential: Low High, Mid Rise High Rise, Row Housing 3. Cooperative 4. Condominium 5. Commercial Forms of Ownership - ANSWER >>>>1. Individual Investors 2. Sole Proprietorship 3. Partnership 4. Limited Partnership 5. Syndication 6. Commercial 7. Government Types of Property Management Operations - ANSWER >>>>1. Professional Fee Management Company 2.Asset Management ...

Which of the following may RECA amend from time to time? A) The Act B) The Rules C) The Regulations D) All the statements are correct - ANSWER >>>>B According to the Act, which of the following statements apply if an industry professional whose conduct is subject to disciplinary proceedings make application to withdraw from the profession? A) If the application is approved, RECA issues a news release B) If the application is approved, all disciplinary proceedings are termina...