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RECA Residential Exam Questions and Answers 100% Pass
Document Content and Description Below
RECA Residential Exam Questions and
Answers 100% Pass
Fiduciary Representation ✔✔- Trust and confidence
- Best interests
- Loyalty
5 Ds of Role Clarity ✔✔1. Discuss
2. Determine
3. Docu
... ment
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 disputes arise
Written Service Agreement vs Customer Acknowledgement Forms ✔✔Written Service
Agreement
- when consumer chooses a representation relationship
- becomes a client
- provide signed copy to brokerage
Customer Acknowledge forms
- non-representation relationship
- becomes a customer
- provide signed copy to brokerage
PIPEDA ✔✔- Federal legislation
PIPA ✔✔Alberta's legislation, how private organizations use and disclose personal information.
Power of Attorney ✔✔a legal document authorizing someone to act on your behalf
- must be 18
- POA must be written, dated and signed by both donor and witness
- donor must be mentally capable or contract is void
- only effective as long as donor is alive, will takes effect once death
Types of POA ✔✔General POA
- has no limits on powers of the attorney
- can make all decisions regarding financial and[Show More]
A clear description of the copyrighted work infringed;
A statement that you have a good faith belief that the use of the content identified in your DMCA notice is not authorized by the copyright owner, its agent or the law;
Your contact information (such as your name, email address and telephone number);
A certification, under penalty of perjury, that the DMCA notice is accurate, signed (either electronically or physically) by the copyright owner or the copyright owners legal representative.
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