RECA Fundamentals Exam
2026 Exam Questions with
100% Correct Answers | Latest
Update
Which of the following is NOT a RECA educational resource for industry
professionals? - ANSWER ✔✔Spatial Information System (Spin 2)
Who is responsible for producing the "Real Property Report"? -
ANSWER ✔✔Alberta Land Surveyor
Benefits of RECAS trust assurance and practice review program -
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
Responsibilities of RECA - ANSWER ✔✔- Handling professional
conduct review
- establishing industry standards of practice
- issuing authorization to trade in real estate
Four factors of production - ANSWER ✔✔land, labor, capital,
entrepreneurship
RECA provides the following annual reports - ANSWER ✔✔- financial
reports
- industry statistics
- reports for the previous year
Who has the power to amend the Rules of the RE Act? - ANSWER
✔✔Council (not the Provincial Legislature, their job is to amend the RE
Act itself - two very different things)
Who has the power to suspend / revoke a license? - ANSWER
✔✔The Executive Director
,- determines the length of suspension
- serves the decision on the industry professional
- will consider the evidence when making the decision
What's included in written service agreements? - ANSWER ✔✔- the
services to be provided by the brokerage
- the responsibilities of each party to the agreement (i.e. remuneration
from client to brokerage)
- the names of the parties to the agreement
Failure to immediately notify Executive Director of changes to
information provided in support of license results in: - ANSWER ✔✔-
Exec. Director may refer the matter for a professional conduct review
- Exec. Director may suspend industry professionals license
- Exec. director may cancel the industry professionals license
Length of time a license is valid for if NOT registered w a brokerage -
ANSWER ✔✔36 months
Level of Disclosure: Other party represented by another brokerage -
ANSWER ✔✔Level 1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Level of Disclosure: Other party not represented - ANSWER ✔✔Level
2
Level of Disclosure: Other party represented by same brokerage -
ANSWER ✔✔Level 3
Inducement vs incentives - ANSWER ✔✔- Inducement is client
specific
- Incentive is offered by the brokerage to any potential client
Records must be: - ANSWER ✔✔- kept in Alberta
- maintained in electronic form
- kept by brokerage for 3 years
- accessible to RECA for inspection
- they can be held in multiple locations, provided they're all in Alberta
Personal Ethics - ANSWER ✔✔Morals - held by individual
Ethics - Standard of Conduct (values/beliefs that guide actions)
Professional Standards - Rules and Regulations
Real Estate Insurance Exchange (REIX) - ANSWER ✔✔- provides
financial protection
2026 Exam Questions with
100% Correct Answers | Latest
Update
Which of the following is NOT a RECA educational resource for industry
professionals? - ANSWER ✔✔Spatial Information System (Spin 2)
Who is responsible for producing the "Real Property Report"? -
ANSWER ✔✔Alberta Land Surveyor
Benefits of RECAS trust assurance and practice review program -
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
Responsibilities of RECA - ANSWER ✔✔- Handling professional
conduct review
- establishing industry standards of practice
- issuing authorization to trade in real estate
Four factors of production - ANSWER ✔✔land, labor, capital,
entrepreneurship
RECA provides the following annual reports - ANSWER ✔✔- financial
reports
- industry statistics
- reports for the previous year
Who has the power to amend the Rules of the RE Act? - ANSWER
✔✔Council (not the Provincial Legislature, their job is to amend the RE
Act itself - two very different things)
Who has the power to suspend / revoke a license? - ANSWER
✔✔The Executive Director
,- determines the length of suspension
- serves the decision on the industry professional
- will consider the evidence when making the decision
What's included in written service agreements? - ANSWER ✔✔- the
services to be provided by the brokerage
- the responsibilities of each party to the agreement (i.e. remuneration
from client to brokerage)
- the names of the parties to the agreement
Failure to immediately notify Executive Director of changes to
information provided in support of license results in: - ANSWER ✔✔-
Exec. Director may refer the matter for a professional conduct review
- Exec. Director may suspend industry professionals license
- Exec. director may cancel the industry professionals license
Length of time a license is valid for if NOT registered w a brokerage -
ANSWER ✔✔36 months
Level of Disclosure: Other party represented by another brokerage -
ANSWER ✔✔Level 1
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Level of Disclosure: Other party not represented - ANSWER ✔✔Level
2
Level of Disclosure: Other party represented by same brokerage -
ANSWER ✔✔Level 3
Inducement vs incentives - ANSWER ✔✔- Inducement is client
specific
- Incentive is offered by the brokerage to any potential client
Records must be: - ANSWER ✔✔- kept in Alberta
- maintained in electronic form
- kept by brokerage for 3 years
- accessible to RECA for inspection
- they can be held in multiple locations, provided they're all in Alberta
Personal Ethics - ANSWER ✔✔Morals - held by individual
Ethics - Standard of Conduct (values/beliefs that guide actions)
Professional Standards - Rules and Regulations
Real Estate Insurance Exchange (REIX) - ANSWER ✔✔- provides
financial protection
