Reca quiz - Study guides, Class notes & Summaries

Alberta Real Estate Unit 1 Quiz With Certified Solutions 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) R...

Unit Quiz Reviews Questions and Answers Already Passed Which of the following indicators are used to calculate Gross Domestic Product (GDP)? I. Imports II. Consumer Spending III. Business Spending IV. Net income from foreign residents Statements I, II and III Which of the following is NOT a non-price determinant of demand? A. Market size B. Costs of production C. Availability of credit D. Consumers' disposable income Costs of production Which of the following sta...

RECA QUIZ REVIEW QUESTIONS AND ANSWERS RATED A 2024 (SPRING)

Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professional who represents a client in matters that are beyond their expertise D) A real estate professional who holds a valid authorization from RECA and is registered with a brokerage in Al...

RECA Quiz Review Questions And Answers

RECA Unit 5 Quiz Latest Update Graded A+ Which of the following statements is correct regarding average sale price statistics? 1. The figure depends on the price of properties that sold that month 2. The figure may decrease if fewer expensive properties sold that month 3. The figure may increase if more expensive properties sold that month 4. The figure does not mean the value of any specific property increased/decreased A) Statements I, II and III B) Statement I, III and IV C) St...

RECA Quiz Review Questions And Answers

Reca CH1 Quiz 2024 -100% Solved Which of the following is NOT a non-price determinant of demand? A) Market size B) Costs of production C) Availability of credit D) Consumers' disposable income -Answer-C) Availability of credit Which entity has the authority to amend the Real Estate Act? A) RECA B) Federal government C) Provincial legislature D) Alberta Real Estate Association -Answer-C Which of the following will occur to the supply of a good when there is a change in quantity suppl...

Reca CH1 Quiz

Unit 7 Quiz RECA