RECA Fundamentals Exam Questions and Answers Already Passed

RECA Fundamentals Exam Questions and Answers Already Passed
Question 1: Which of the following is NOT a RECA
educational resource for industry professionals?
CORRECT ANSWER: Spatial Information System (Spin 2)
Question 2: Who is responsible for producing the "Real
Property Report"?
CORRECT ANSWER: Alberta Land Surveyor
Question 3: Benefits of RECAS trust assurance and practice
review program
CORRECT ANSWER: - effective record keeping and
administrative procedures
- education and advice in relation to brokerage trust accounting
- identifies and resolves potential problems regarding brokerage
trust accounting requirements
Question 4: Responsibilities of RECA
CORRECT ANSWER: - Handling professional conduct review
- establishing industry standards of practice
- issuing authorization to trade in real estate
Question 5: Four factors of production

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