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RECA Exam Study Questions and
Correct Answers/ Latest Update /
Already Graded
Carl, a real estate professional, is registered with Prime Plus Real
Estate Ltd. He has listed his brother's house for sale with the
brokerage. A real estate professional with another brokerage
contacts Carl and asks to preview the property as she has a
potential buyer. What level of disclosure must Carl provide?
Ans: Disclosure level 1
When evaluating an ethical dilemma, the first step is awareness. An
individual may become aware of an ethical dilemma through a
variety of ways. Which one of the following is typically NOT one of
the ways?
Ans: Others tell you that you have an ethical dilemma
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Which of the following statements is correct regarding the length of
time that real estate professionals are obligated to keep client
information confidential?
Ans: It continues without a time limit after real estate services are no
longer provided
Which of the following describes what is meant by a lawful
instruction?
Ans: Any instruction that is reasonable and ordinary under the
circumstances
Which of the following types of authority involve describing (orally or
in writing) the actions that may be taken by an agent on behalf of a
principal?
Ans: Express Authority
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Which of the following describes the party that exists outside of a
representation relationship?
Ans: Third Party
Which of the following is NOT a type of authority an agent may
hold?
Ans: Functional Authority
Which of the following are the only entities authorized to trade in real
estate?
Ans: Real Estate Brokerages
Which of the following categories of brokerage services involves
numerous services that require the greatest level of discretion or
judgement?
Ans: Property Management Services
RECA Exam Study Questions and
Correct Answers/ Latest Update /
Already Graded
Carl, a real estate professional, is registered with Prime Plus Real
Estate Ltd. He has listed his brother's house for sale with the
brokerage. A real estate professional with another brokerage
contacts Carl and asks to preview the property as she has a
potential buyer. What level of disclosure must Carl provide?
Ans: Disclosure level 1
When evaluating an ethical dilemma, the first step is awareness. An
individual may become aware of an ethical dilemma through a
variety of ways. Which one of the following is typically NOT one of
the ways?
Ans: Others tell you that you have an ethical dilemma
,2 | Page
Which of the following statements is correct regarding the length of
time that real estate professionals are obligated to keep client
information confidential?
Ans: It continues without a time limit after real estate services are no
longer provided
Which of the following describes what is meant by a lawful
instruction?
Ans: Any instruction that is reasonable and ordinary under the
circumstances
Which of the following types of authority involve describing (orally or
in writing) the actions that may be taken by an agent on behalf of a
principal?
Ans: Express Authority
, 3 | Page
Which of the following describes the party that exists outside of a
representation relationship?
Ans: Third Party
Which of the following is NOT a type of authority an agent may
hold?
Ans: Functional Authority
Which of the following are the only entities authorized to trade in real
estate?
Ans: Real Estate Brokerages
Which of the following categories of brokerage services involves
numerous services that require the greatest level of discretion or
judgement?
Ans: Property Management Services
