RECA 2026 REAL ESTATE PRACTICE ETHICS
PROFESSIONAL CONDUCT AND CLIENT
RELATIONSHIP MANAGEMENT REVIEW SET
◉ What are material latent defects?
Answer: Defects that are hidden from reasonable inspection and
affect safety or value.
◉ What privacy legislation applies to real estate professionals?
Answer: PIPA and PIPEDA.
◉ What disciplinary outcome applies when a professional trades
after licence expiry?
Answer: Administrative Penalty.
◉ What is the purpose of the Real Estate Assurance Fund?
Answer: To compensate consumers who have obtained a court
judgment for fraud or breach of trust.
◉ What is a latent defect?
Answer: A hidden defect.
PROFESSIONAL CONDUCT AND CLIENT
RELATIONSHIP MANAGEMENT REVIEW SET
◉ What are material latent defects?
Answer: Defects that are hidden from reasonable inspection and
affect safety or value.
◉ What privacy legislation applies to real estate professionals?
Answer: PIPA and PIPEDA.
◉ What disciplinary outcome applies when a professional trades
after licence expiry?
Answer: Administrative Penalty.
◉ What is the purpose of the Real Estate Assurance Fund?
Answer: To compensate consumers who have obtained a court
judgment for fraud or breach of trust.
◉ What is a latent defect?
Answer: A hidden defect.