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RECA Exam Study Questions and Answers 100% Pass

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RECA Exam Study Questions and Answers 100% Pass 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 professiona ...

RECA Exam Study Questions and Answers 100% Pass 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? ✔✔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. Which one of the following is typically NOT one of the ways? ✔✔Others tell you that you have an ethical dilemma Which of the following statements is correct regarding the length of time that real estate professionals are obligated to keep client information confidential? ✔✔It continues without a time limit after real estate services are no longer provided Which of the following describes what is meant by a lawful instruction? ✔✔Any instruction that is reasonable and ordinary under the circumstances Which of the following types of authority involve describing (orally or in writing) the actions that may be taken by an agent on behalf of a principal? ✔✔Express Authority Which of the following describes the party that exists outside of a representation relationship? ✔✔Third Party Which of the following is NOT a type of authority an agent may hold? ✔✔Functional Authority Which of the following are the only entities authorized to trade in real estate? ✔✔Real Estate Brokerages Which of the following categories of brokerage services involves numerous services that require the greatest level of discretion or judgement? ✔✔Property Management Services Which of the following does NOT apply to consideration? ✔✔Consideration always involves money What is the difference between a condition and a term in a contract? ✔✔Conditions must be waived for the contract to proceed, while a contract can still proceed with unmet terms

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