Reca resi Study guides, Class notes & Summaries

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 made to clarify and provide proof of undertanding in event i...

General Power of Attorney - ANSWER -No limits on powers to make decisions about donors financial and legal affairs -The one exception is decisions about the donors personal affairs such as consenting to health care or deciding where the donor should reside Special Power of Attorney - ANSWER -Has specific of limited powers in regards to the donor -Also referred to as a Limited Power of Attorney Immediate Power of Attorney - ANSWER -Makes financial and legal decisions on behalf of the ...

RECA Residential Exam | Questions – 100% Correctly Answered and Graded A+ | Latest 2024 RECA Residential Exam | Questions – 100% Correctly Answered and Graded A+ | Latest 2024 RECA Residential Exam | Questions – 100% Correctly Answered and Graded A+ | Latest 2024

RECA Residential Exam Questions with 100% Correct Answers | Verified | Latest Update 2024

Fiduciary Representation - ANSWER - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - ANSWER 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - 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 proceed with relationship made to clarify and provide proof of undertandin...

RECA Residential Exam 2024 Questions and Answers Fiduciary Representation -Answer-- Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity -Answer-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing -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 proceed with relationship made to...

RECA Residential Exam:- Questions & Correct Answers

"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...

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 made to clarify and provide proof of undertanding in event issues or ...

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...