RECA Residential Exam with complete solutions

RECA Residential Exam with complete solutions Self regulation - answer-General obligation -Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate Brokerage interests - answerInterest of brokerage at odds with brokerage client Fiduciary duties - answer-Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose conflicts of interest Competing interests - answerInterest of brokerage clients compete in a transaction or potential transaction Opposing interests - answerInterest of brokerage clients oppose in the same transaction or potential transaction Standard of care - answer-Professional standards -Professional norms/practices -Expert testimony -Benefits of role clarity/consistency -Meeting regulatory requirements -Enhances professionalism -Prevents unintended relationships -Clarifies responsibilities and services to consumers -Reduces disputes PIPEDA - answerFederal - privacy act PIPA - answerProvincial - Privacy act CASL - answerCanada's anti spam legislation - federal Privacy principles - answer-Accountab