RECA Exam Study Guide Correct Questions And Answers(rated A+)
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? - ANSWER 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? - ANSWER 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? - ANSWER 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? - ANSWER 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? - ANSWER Express Authority Which of the following describes the party that exists outside of a representation relationship? - ANSWER Third Party
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