RECA RESIDENTIAL FINAL EXAM.
GRADED A+. WITH QUESTIONS
AND 100% VERIFIED ANSWERS.
LATEST UPDATE
Written Service Agreement vs Customer Acknowledgement Forms ✔✔Written Service
Agreement
- when consumer chooses a representation relationship
- becomes a client
- provide signed copy to brokerage
Customer Acknowledge forms
,RECA RESIDENTIAL FINAL EXAM.
- non-representation relationship
- becomes a customer
- provide signed copy to brokerage
PIPEDA ✔✔- Federal legislation
,RECA RESIDENTIAL FINAL EXAM.
PIPA ✔✔Alberta's legislation, how private organizations use and disclose personal information.
Power of Attorney ✔✔a legal document authorizing someone to act on your behalf
- must be 18
, RECA RESIDENTIAL FINAL EXAM.
- POA must be written, dated and signed by both donor and witness
- donor must be mentally capable or contract is void
- only effective as long as donor is alive, will takes effect once death
Types of POA ✔✔General POA
- has no limits on powers of the attorney
- can make all decisions regarding financial and legal affairs
- exception where the donor resides and health care
Special POA
- make certain decisions
- also called limited POA
- may grant authority to oversee sale, deals with land
- must be registered on Certificate of Title