RECA Fundamentals Exam Questions & Expertly
Verified Answers 2025 /2026.
Save
Practice questions for this set
Learn 1 /7 Study with Learn
includes both personal and business information
- not readily available info, may have value
Choose an answer
Which of the following is NOT a
1 RECA educational resource for 2 Responsibilities of RECA
industry professionals?
3 Microeconics 4 Confidential information
Don't know?
Terms in this set (144)
,Which of the following is NOT a Spatial Information System (Spin 2)
RECA educational resource for
industry professionals?
Which entity has the authority to Provincial Legislature
amend the Real Estate Act
Which of the following measures the Consumer Price Index (CPI)
change in a cost of a fixed basket of
goods and services purchased by
families over a period of time
Which of the following will occur to an increase in quantity supplied
the supply of a good when there is a
change in quantity supplied due to a
price increase?
Microeconics studies the basic theories of supply and demand as
it relates to individuals, households and firms
Resource Markets facilitate the exchange of factors of production
What causes the quantity demanded change in tastes, expectations, and number of
to shift? consumers
benefits of economic growth depletion of natural resources
Real Property Report document produced by Alberta Land Surveyor
Which of the following is not a non- cost of production
price determinant of demand
, What type of economy does Canada mixed economy
have?
Benefits of RECAS trust assurance - effective record keeping and administrative
and practice review program procedures
- education and advice in relation to brokerage
trust accounting
- identifies and resolves potential problems
regarding brokerage trust accounting requirements
Responsibilities of RECA - Handling professional conduct review
- establishing industry standards of practice
- issuing authorization to trade in real estate
Four factors of production land, labor, capital, entrepreneurship
RECA provides the following annual - financial reports
reports - industry statistics
- reports for the previous year
The structure of real estate in - local real estate boards
Alberta includes; - alberta real estate association
- canadian real estate association
Referral definition The act of recommending or directing a person for
service to another person or business
- brokerage is responsible for paying and receiving
remuneration in connection to trade
RECAS professional conduct review - gather all relevant information
Objects - treat parties fairly
-gather information efficiently
Verified Answers 2025 /2026.
Save
Practice questions for this set
Learn 1 /7 Study with Learn
includes both personal and business information
- not readily available info, may have value
Choose an answer
Which of the following is NOT a
1 RECA educational resource for 2 Responsibilities of RECA
industry professionals?
3 Microeconics 4 Confidential information
Don't know?
Terms in this set (144)
,Which of the following is NOT a Spatial Information System (Spin 2)
RECA educational resource for
industry professionals?
Which entity has the authority to Provincial Legislature
amend the Real Estate Act
Which of the following measures the Consumer Price Index (CPI)
change in a cost of a fixed basket of
goods and services purchased by
families over a period of time
Which of the following will occur to an increase in quantity supplied
the supply of a good when there is a
change in quantity supplied due to a
price increase?
Microeconics studies the basic theories of supply and demand as
it relates to individuals, households and firms
Resource Markets facilitate the exchange of factors of production
What causes the quantity demanded change in tastes, expectations, and number of
to shift? consumers
benefits of economic growth depletion of natural resources
Real Property Report document produced by Alberta Land Surveyor
Which of the following is not a non- cost of production
price determinant of demand
, What type of economy does Canada mixed economy
have?
Benefits of RECAS trust assurance - effective record keeping and administrative
and practice review program procedures
- education and advice in relation to brokerage
trust accounting
- identifies and resolves potential problems
regarding brokerage trust accounting requirements
Responsibilities of RECA - Handling professional conduct review
- establishing industry standards of practice
- issuing authorization to trade in real estate
Four factors of production land, labor, capital, entrepreneurship
RECA provides the following annual - financial reports
reports - industry statistics
- reports for the previous year
The structure of real estate in - local real estate boards
Alberta includes; - alberta real estate association
- canadian real estate association
Referral definition The act of recommending or directing a person for
service to another person or business
- brokerage is responsible for paying and receiving
remuneration in connection to trade
RECAS professional conduct review - gather all relevant information
Objects - treat parties fairly
-gather information efficiently
