Reca residential unit 1 - Study guides, Class notes & Summaries

Unit 1 RECA questions and answers latest 2023 Rated A+ Define real estate - correct answer refers to land and fixed improvements to land (permanent) What are the building classifications - correct answer Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - correct answer Residential commercial rural property management characteristics that identifies real estate as limited resource - correct answer scarce characteristic that defines real esta...

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...

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...

Unit 1 RECA questions and answers latest 2023/2024Define real estate - correct answer refers to land and fixed improvements to land (permanent) What are the building classifications - correct answer Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types - correct answer Residential commercial rural property management characteristics that identifies real estate as limited resource - correct answer scarce characteristic that defines rea...

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...

RECA Residential Unit 7 with Latest Questions and Answers 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 ...

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...

Unit 1 RECA Exam Questions and Answers (Graded A) Define real estate -Answer-refers to land and fixed improvements to land (permanent) What are the building classifications -Answer-Residential Commercial Retail Institutional Agricultural Real Estate Sectors/Property Types -Answer-Residential commercial rural property management characteristics that identifies real estate as limited resource -Answer-scarce characteristic that defines real estate as indestructable -Answer-durable real ...

RECA Residential Unit 3 with Actual Questions and Verified Answers 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...

RECA Residential Unit 2 Exam (Graded A Plus) with Questions and Validated 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...