Reca resi Study guides, Class notes & Summaries
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RECA Residential Unit 7 Exam Questions and Answers 2024
- Exam (elaborations) • 64 pages • 2024
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RECA Residential Unit 7 Exam Questions and Answers 2024 
under which Act/Law are all Alberta municipalities empowered to shape their communities? - 
Answer-MGA - The Municipal Government Act 
Which department is responsible for administration of the MGA? -Answer-Municipal Affairs is 
the department responsible for administering the Municipal Government Act 
MGA contains 3 key topics -Answer-1. Assessment and Taxation 2. Governance and 
Administration 3. Planning and Development 
When was the fir...
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RECA Residential Unit 2 Exam Questions and Answers
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RECA Residential Unit 2 Exam Questions and Answers 
9 things that, when representing sellers, REPs can do -Answer-1. Identify the features, qualities, 
and advantages that relate to the sellers' property 2. Describe the property appropriately in the 
applicable listing service and property databases. 3. Market the property based on the features, 
qualities, and advantages. 4. Promote the property and answer their buyers' questions regarding 
it. 5. Accurately answer questions regarding the pro...
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RECA Residential – Questions With Complete Solutions
- Exam (elaborations) • 24 pages • 2024
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RECA Residential – Questions With Complete Solutions
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RECA Residential Exam; Questions and Answers 100% Solved
- Exam (elaborations) • 34 pages • 2024
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RECA Residential Exam; Questions and Answers 
100% Solved 
Fiduciary Representation Correct answer - Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity Correct answer 1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing Correct 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 pro...
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RECA Residential Unit 1, 2,3,4,5,6,7,8 &9 Questions and Answers Latest Update Already Passed
- Exam (elaborations) • 423 pages • 2024
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RECA Residential Unit 1, 2,3,4,5,6,7,8 &9 
Questions and Answers Latest Update 
 
Already Passed 
 
3 fundamental principles of fiduciary duty. AKA the 3 principles that give rise to fiduciary duties 
in a representation relationship: Trust and Confidence, Best Interests, Loyalty 
 
8 General Obligations of REPs Exercise Care and Skill, Act Honestly, Negotiate Favourable 
terms, Maintain Confidentiality, Disclose Information, Act in Person, Obey Lawful Instructions, 
Perform Mandate 
 
6 Points ...
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RECA Residential Exam Latest Updated 2024
- Exam (elaborations) • 27 pages • 2024
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RECA Residential Exam Latest Updated 2024 
 
Power of Attorney - a legal document authorizing someone to act on your behalf 
- must be 18 
- POA must be written, dated and signed by both donor and witness 
- donor must be mentally capable or contract is void 
- only effective as long as donor is alive, will takes effect once death 
Types of POA - General POA 
- has no limits on powers of the attorney 
- can make all decisions regarding financial and legal affairs 
- exception where the donor r...
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RECA Residential Unit 7 Exam Questions and Answers 2024
- Exam (elaborations) • 59 pages • 2024
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RECA Residential Unit 7 Exam Questions and Answers
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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024
- Exam (elaborations) • 41 pages • 2024
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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|A+ RATED| NEW 2024 
Self regulation 
-General obligation 
-Care & Skill 
-Act honestly 
-Negotiate favorable terms 
-Maintain confidentiality 
-Disclose information 
-Act in person 
-Obey lawful instructions 
-Perform mandate 
Brokerage interests 
Interest of brokerage at odds with brokerage client 
Fiduciary duties 
-Utmost loyalty 
-Not to make secret profits 
-Maintain confidentiality 
-To account 
-Avoid and disclose confli...
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RECA Residential Exam Questions and Answers 100% Correct 2024
- Exam (elaborations) • 44 pages • 2024
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RECA Residential Exam Questions and Answers 100% Correct 2024 
RECA Residential Exam Questions and 
Answers 100% Correct 2024 
Fiduciary Representation 
- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity 
1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Must disclose in writing 
- 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...
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RECA Residential Exam Actual Questions with 100% Correct Answers | Updated & Verified
- Exam (elaborations) • 61 pages • 2024
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RECA Residential Exam Actual Questions with 100% Correct Answers | Updated & Verified
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