Reca residential unit 3 Study guides, Class notes & Summaries

Unit 7 Quiz(RECA)correctly answered rated A+ 2023/2024What are Alberta's six natural water sources? A) Surface water, rain water, rivers, river basins, lakes, and wetlands B) Surface water, rivers, river basins, frozen water, lakes, and springs C) Surface water, rivers, river basins, lakes, wetlands, and springs D) Surface water, rivers, river basins, lakes, wetlands, and wells - correct answer C Which of the following statements are correct regarding a Conservation Easement? 1. A Conse...

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 4 Exam (New 2024/2025 Update) with Questions and Answers 3 Types of property defects ANSWER Patent, Latent, Material latent What are Patent defects (on a property)? ANSWER obvious flaw discovered upon reasonable inspection. caveat emptor applies (meaning that the buyer should have inspected enough to find anything like this). Unless the seller provides information or warranties regarding the patent defects, it is the buyers responsibility to address them. What are...

RECA UNIT 3 : RESIDENTIAL REAL ESTATE WITH COMPLETE SOLUTION measurement standards - --An objective and consistent method to determine the area of a property and the results are verifiable. Education and communication of a measurement standard is essential to ensure the implementation of the standard is objective and consistent. Benefits of RMS - ---clarity and consistency of property measurements -provides data reliability for comparison Attached properties - ---a common-wall agreement...

RECA Exam| 200+ Actual Questions and Verified Answers|100% Correct| 2023/ 2024 Q: Under the Residential Tenancies Act, when can a landlord enter a tenant's leased premises without consent or notice? A) When a fire alarm has sounded and the fire department requires access to all of the units to check for the source of the fire B) When the landlord has not seen the tenant or received rent in 2 months and newspapers are collecting at the front door of the premises C) When water is leaking in...

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 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 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 Commercial Unit 2 Rated A+ (New supply) At the macro level, assessing new supply can be obtained through various sources that report building starts and units under construction. These sources include the following: (x4) ️Non residential building starts are compiled by Statistics Canada on a quarterly basis. Investment is measured in dollars and is split into the categories of Industrial, Institutional, and Commercial. Another measure of future supply is the number and percentage...