RECA Quiz Review Questions and Answers Rated A

Which of the following describes a competent real estate professional? A) A real estate professional who agrees to provide services that they are incapable of performing B) A real estate professional who possesses the necessary ability and knowledge to perform an action proficiently C) A real estate professional who represents a client in matters that are beyond their expertise D) A real estate professional who holds a valid authorization from RECA and is registered with a brokerage in Alberta B The interests of a brokerage may give rise to which of the following conflicts with the interests of a client? A) Long or short B) Consistent or varied C) Direct or indirect D) Consequent or subsequent C Which of the following describes a real conflict of interest?A) When an actual conflict arises between the interests of a client and the brokerage B) When a perceived conflict arises between the interests of a client and the brokerage C) When a customary conflict arises between the interests of a client and the brokerage D) When a mutual conflict arises between the interests of a client and the brokerage A Which of the following is NOT a type of authority an agent may hold? A) Express authority B) Implied authority C) Customary authority D) Functional authority D