Benefits of reix Study guides, Class notes & Summaries

RECA Fundamentals Exam| 2023/ 2024| Questions and Verified Answers|100% Correct QUESTION Errors and Omissions Insurance? Answer: real estate equivalent of malpractice coverage QUESTION Comprehensive General Liability Insurance? Answer: - broad coverage for claims against injury/damage - civil liability (a fall) - any damages or injuries - legal defense costs - does not cover issues related to real estate transactions QUESTION Voluntary Broker Resoluti...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

Which of the following is NOT a RECA educational resource for industry professionals? - Answer- Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer- Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer- Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity...

RECA Fundamentals Exam Questions with Correct Answers Personal Ethics - Answer-Morals - held by individual Ethics - Standard of Conduct (values/beliefs that guide actions) Professional Standards - Rules and Regulations Ethical Decision Making - Answer-1. Recognize 2. Analyze 3. Test 3A. Seek assistance if needed 4. Implement Golden rule - Answer-Do unto others as you would have them do unto you Real Estate Insurance Exchange (REIX) - Answer-- provides financial protection - c...

RECA Exam | 2023/ 2024 Update| Real Questions and Verified Answers|100% Correct- Grade A QUESTION Which of the following are benefits of professional courtesy? It helps avoid legal proceedings against real estate professionals It helps avoid a professional conduct review being conducted by RECA It helps avoid the issuance of disciplinary outcomes by RECA It helps avoid claims being made against REIX A) Statements I, II and III B) Statements II, III and IV C) Statements I, III and ...

RECA Fundamentals Exam || With Questions & 100% Correct Solutions RECA Fundamentals Exam || With Questions & 100% Correct Solutions Which of the following is NOT a RECA educational resource for industry professionals? - ANSWER - Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - ANSWER - Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of...

RECA FUNDAMENTALS OF MORTGAGE BROKERAGE 2023 EXAM WITH QUESTIONS AND CORRECT DETAILED ANSWERS Which of the following is NOT a RECA educational resource for industry professionals? - ANSWER-Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - ANSWER-Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - ANSWER-Consumer Price Index (...

Describe the broker in relation to the brokerage Broker is the entrepreneur of the business (brokerage). The person with the authority (license and registration) to lead the brokerage The responsibility of the brokerage rests squarely on their shoulders Therefore, the broker is also responsible for the brokerage, and any wrong doings from associates/associate brokers is the brokers responsibility/fault Explain the qualifications to become a broker -Comeplete REAP and all 4 practice c...

Which of the following is NOT a RECA educational resource for industry professionals? - ANSWER-Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - ANSWER-Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - ANSWER-Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity su...

Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity supplied due t...