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2023 RECA Fundamentals Exam LATEST UPDATE

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? -Answer- Disclosure level 1 When evaluating an ethical dilemma, the first step is awareness. An individual may become aware of an ethical dilemma through a variety of ways. Which on...

Fiduciary Representation - ANSWER - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - ANSWER 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do 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 undertandin...

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Reca - Residential Exam Questions with Complete Solutions Latest Update Self regulation - Answers -General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests - Answers Interest of brokerage at odds with brokerage client Fiduciary duties - Answers -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and dis...

RECA Residential Unit 4 Exam Questions with Complete Solutions Latest Update (Already Passed) 3 Types of property defects - Answers Patent, Latent, Material latent What are Patent defects (on a property)? - Answers 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 ...

RECA FUNDAMENTALS OF MORTGAGE BROKERAGE ACTUAL EXAM QUESTIONS AND ANSWERECA FUNDAMENTALS OF MORTGAGE BROKERAGE ACTUAL EXAM QUESTIONS AND ANSWERS LATEST UPDATE 2024 GRADED A+ RS LATEST UPDATE 2024 GRADED A+RECA FUNDAMENTALS OF MORTGAGE BROKERAGE ACTUAL EXAM QUESTIONS AND ANSWERS LATEST UPDATE 2024 GRADED A+ RECA FUNDAMENTALS OF MORTGAGE BROKERAGE ACTUAL EXAM QUESTIONS AND ANSWERS LATEST UPDATE 2024 GRADED A+ RECA FUNDAMENTALS OF MORTGAGE BROKERAGE ACTUAL EXAM QUESTIONS AND ANSWERS LATEST UPD...