Reca residenti - Samenvattingen en Aantekeningen

RECA Residential – Questions With Complete Solutions

RECA Residential Unit 1, RECA Residential Unit 2, RECA Residential Unit 3, RECA Residential Unit 4, RECA Residential Unit 5, RECA Residential Unit 6, RECA Residential Unit 7, RECA Residential Unit 8, RECA Residential Unit 9 all complete solution

RECA RESIDENTIAL EXAM | QUESTIONS WITH CORRECT ANSWERS 100% ACCURATE 100% PASS. 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 consumers decision to proceed ...

"Equity" meaning - The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property 2 reporting agencies in Canada that keep credit history data - Equifax Canada and TransUnion of Canada 2 rights of a lender (for mortgages) - Right to 1. assign the mortgage 2. be paid under the terms of the mortgage 2 ways to calculate interest (related to interest rates) - simple interest and compound interest 3 criteria/q...

RECA Residential Unit 3-Residential Measurement Requirements test with complete solutions.

3 options for who determine the RMS property size (this should be discussed with seller client) - Answer- 1. by the REP 2. by REP and the seller 3. By a qualified person engaged to do so 3 types of town houses - Answer-Row, stacked, cluster (cluster seem to be the same as 4plexes but maybe more than one 4plex together) 4 Benefits of the RMS - Answer-1. A province-wide property measurement standard for all real estate professionals 2. Applies to all real estate brokerages regardless of their...

©THESTAR EXAM SOLUTIONS 2024/2025 ALL RIGHTS RESERVED. 1 | P a g e RECA Residential Unit 1 Exam Questions And Answers Updated 2024/2025 3 fundamental principles of fiduciary duty. AKA the 3 principles that give rise to fiduciary duties in a representation relationship: - answerTrust and Confidence, Best Interests, Loyalty 8 General Obligations of REPs - answerExercise Care and Skill, Act Honestly, Negotiate Favourable terms, Maintain Confidentiality, Disclose Information, Act in Person,...

RECA Residential Exam with complete verified solutions

What is the RMS? - Answer Residential Measurement Standard 4 qualities of a standard - Answer 1. It must be objective (ie Uniform, consistent) 2. It mut apply to an object or process that can be quantified (i.e. measured) 3. It's results must be verifiable (i.e. repeated by others) 4. It's results must be quantifiable (i.e. measurable) What is a measurement standard as it relates to property use? - Answer is an objective and consistent method to determine the area of a prope...

RECA Residential Unit 2 with complete verified solutions .