RECA Fundamentals Exam Alberta Questions and Correct Answers | Latest Update 2026/2027 | Graded A+ | 100% CORRECT SOLUTIONS.

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RECA Fundamentals Exam Alberta Questions and
Correct Answers | Latest Update 2026/2027 | Graded
A+ | 100% CORRECT SOLUTIONS.

Real Estate

Ans: refers to the land and fixed improvements to the land




Classes of licence

Ans: associate, associate broker, broker and brokerage




four areas of practice

Ans: residential, commercial, property management and mortgage




Industrial property

Ans: include warehouses and custom-built manufacturing plants.

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Ans:




Residential income property

include low-rise and high-rise apartments, duplexes, fourplexes and

townhouses




private

Ans: characteristic that identifies how real estate transactions are

conducted between a buyer and seller




supply and demand

Ans: characteristic that identifies the slow response of these 2 market

forces affecting real estate

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Ans:




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