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RECA FUNDAMENTALS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

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RECA FUNDAMENTALS EXAM QUESTIONS AND VERIFIED ANSWERS| (2024/ 2025 UPDATE) Principal of Balance - □□ value is created and sustained where there is equilibrium Principal of Substitution - □□ a buyer will pay no more for a property than the cost of acquiringa similar and equally desirable property Principal of Contribution - □□ value of a property attribute relates to the value it adds to theoverall value of the property. basis by which adjustments are made to the sale prices ...

RECA Fundamentals Exam Latest 2023- 2024 RECA Fundamentals Exam Update Questions and Correct Answers Rated A+

RECA Residential Exam Questions and Correct Answers the Latest Update

RECA Fundamentals Exam written solution update

RECA Residential Unit 4 Exam (New 2024/2025 Update) with Questions and Answers 3 Types of property defects ANSWER Patent, Latent, Material latent What are Patent defects (on a property)? ANSWER obvious flaw discovered upon reasonable inspection. caveat emptor applies (meaning that the buyer should have inspected enough to find anything like this). Unless the seller provides information or warranties regarding the patent defects, it is the buyers responsibility to address them. What are...

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RECA Exam Latest Update 80 Questions and Verified Correct Answers Guaranteed Success

RECA Exam| More than 200 Real Questions and Verified Answers| Grade A| 2023/ 2024 Update QUESTION The Oleksiaks paid $410,000 ten years ago for a house in a small town. There is now an economic downturn forcing the closure of a local industrial plant. As with many residents of the town, the Oleksiaks were employed by the plant and will now have to relocate to the city. When the Oleksiaks go to sell their home, the property is now valued at $350,000. Which of the following Principles...