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RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024.
- Exam (elaborations) • 48 pages • 2023
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RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024. 
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 consumers decision to proceed with relationship 
ma...
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RECA Questions and Answers 2023/2024 (100%Verified) & RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024.
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RECA Questions and Answers 2023/2024 (100%Verified) & RECA Fundamentals of Mortgage Brokerage Exam Questions and Answers 2023-2024.
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RECA Fundamentals Exam –Questions with 100% verified solutions-2024/2025/ Already Grade A+/Latest Version
- Exam (elaborations) • 22 pages • 2024
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Duty-based ethics 
Individual is expected to do the right thing cause it's the right thing to do, regardless of 
outcome 
utalitarian ethics 
Sells the optimal result for the greatest number of people 
Advisory note 
Punishment for a technical breach 
Administrative penalty/ fine 
One or two potentially serious infraction would cause this punishment 
Ratification- acting without authority or in excess of authority 
Implication- advice outside of objective 
These two ways of creating a represent...
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RECA EXAM –Questions with 100% verified solutions-2024/2025/ Already Grade A+/Latest Version
- Exam (elaborations) • 25 pages • 2024
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Which of the following may RECA amend from time to time? 
A) The Act 
B) The Rules 
C) The Regulations 
D) All the statements are correct 
B 
According to the Act, which of the following statements apply if an industry professional 
whose 
conduct is subject to disciplinary proceedings make application to withdraw from the 
profession? 
A) If the application is approved, RECA issues a news release 
B) If the application is approved, all disciplinary proceedings are terminated 
C) If the applicat...
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RECA Fundamentals Exam–Questions with 100% verified solutions-2024/2025/ Already Grade A+/Latest Version
- Exam (elaborations) • 19 pages • 2024
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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 to a price increa...
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RECA Residential Exam –Questions with 100% verified solutions-2024/2025/ Already Grade A+/Latest Version
- Exam (elaborations) • 26 pages • 2024
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Fiduciary Representation 
- Trust and confidence 
- Best interests 
- Loyalty 
5 Ds of Role Clarity 
1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do
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RECA Exam–Questions with 100% verified solutions2024/2025/ Already Grade A+/Latest Version
- Exam (elaborations) • 7 pages • 2024
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Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his 
brother's house for sale with the brokerage. A real estate professional with another brokerage 
contacts Carl and asks to preview the property as she has a potential buyer. What level of 
disclosure must Carl provide? correct answers Disclosure level 1 
When evaluating an ethical dilemma, the first step is awareness. An individual may become 
aware of an ethical dilemma through a variety of ways....
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RECA Quiz Review Questions WITH VERIFIED ANSWERS
- Exam (elaborations) • 46 pages • 2024
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RECA Quiz Review Questions WITH VERIFIED ANSWERS 
 
 
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 author...
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RECA Quiz Review Questions WITH VERIFIED ANSWERS
- Exam (elaborations) • 46 pages • 2024
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RECA Quiz Review Questions WITH VERIFIED ANSWERS 
 
 
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 author...
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RECA Fundamentals Exam Questions and Answers 2024 | Verified Answers Graded A+
- Exam (elaborations) • 17 pages • 2024
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RECA Fundamentals Exam Questions and Answers 2024 | Verified 
Answers Graded A+ 
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 ...
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RECA Exam Study Questions And Answers (Verified And Updated)
- Exam (elaborations) • 8 pages • 2024
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RECA Exam Study Questions And Answers 
(Verified And Updated) 
Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his 
brother's house for sale with the brokerage. A real estate professional with another brokerage 
contacts Carl and asks to preview the property as she has a potential buyer. What level of 
disclosure must Carl provide? - answerDisclosure level 1 
When evaluating an ethical dilemma, the first step is awareness. An individual may become ...
-
RECA Exam Study Questions And Answers (Verified And Updated)
- Exam (elaborations) • 8 pages • 2024
-
- $11.49
- + learn more
RECA Exam Study Questions And Answers 
(Verified And Updated) 
Carl, a real estate professional, is registered with Prime Plus Real Estate Ltd. He has listed his 
brother's house for sale with the brokerage. A real estate professional with another brokerage 
contacts Carl and asks to preview the property as she has a potential buyer. What level of 
disclosure must Carl provide? - answerDisclosure level 1 
When evaluating an ethical dilemma, the first step is awareness. An individual may become ...
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