RECA exam -Real Estate Council of Alberta EXAM
QUESTIONS AND VERIFIED CORRECT ANSWERS
LATEST 2026-2027 NEW VERSION
A real estate professional has a small warehouse listed for sale . The warehouse is a
perfect fit for their brother's business and writes an offer with him . Before
presenting the offer the real estate professional tells the seller that the buyer is their
brother . The seller thinks about it and tells the real estate professional that they are
OK with the situation . This is an example of which fiduciary duty ?
Avoid conflicts of interest .
Disclose conflicts of interest .
Utmost loyalty . - answer>>>Disclose conflicts of interest .
The solid or cross bridging is use in the construction of the floor to :
Keep the floor joists from twisting .
Increase the integrity of the floor .
Keep the floor from bowing . - answer>>>Increase the integrity of the floor .
True or False: RECA received a complaint about a real estate professional . RECA
does an investigation . Any of the information they discover during the investigation
will be disclosed to the complainant and may be used by the complainant in any
future civil action they may take against the real estate professional . -
answer>>>The conduct review process allows for the industry professional to
provide complete and truthful statements without concern over civil repercussions .
The information cannot be used or received against the industry professional in any
civil proceedings . false
, -
There are 2 encumbrances that take priority over mortgages on title . Which ones
are they and choose the order that they have priority over mortgages .
Property taxes and homeowner association fees .
Condominium fee and homeowner association fees .
Property taxes and condominium fees . - answer>>>Property taxes and
condominium fees .
bilateral
unilateral - answer>>>bilateral
professional suggest a potential price the seller might accept plus gives the potential
buyer advice about the structure . This is an example of which way a representation
relationship can be formed ?
Oral Agreement .
Written Agreement .
By Implication . - answer>>>By Implication .
The Municipal Government Act states the date when all municipal assessments must
be completed . That date is :
June 1 of each year .
July 1 of each year .
January 1 of each year . - answer>>>July 1 of each year .
A For Sale by Owner is approached by real estate professional " A " with a potential
buyer.The For Sale by Owner indicates the if there is an offer to give real estate
, professional " B " a call as this is their agent . At this point there is not a written
service agreement between the For Sale by Owner and real estate professional " B "
. This is an example of what type of representational relationship :
Implied
Ratification
Estoppel - answer>>>Estoppel
The first Real Estate Regulation was passed in :
1903
1905
1906
None of these options are correct - answer>>>1906
Question 58 The owner of a property is unable to pay the taxes on the property .
Which of the following is the right the Crown has to have title returned to it ?
Power of taxation
Police power
Power of escheat - answer>>>Power of escheat
Under the Municipal Land Bylaw Land use controls offers certainty but can be ------
inflexible
flexible - answer>>>Land us controls have the advantage of certainty , but can be
inflexible . Development controls provide more flexibility , but have more
uncertainty as to whether a proposed land use will be permitted. - Inflexible
A service agreement establishes the responsibilities and services to be provided by
both parities . This service agreement :
QUESTIONS AND VERIFIED CORRECT ANSWERS
LATEST 2026-2027 NEW VERSION
A real estate professional has a small warehouse listed for sale . The warehouse is a
perfect fit for their brother's business and writes an offer with him . Before
presenting the offer the real estate professional tells the seller that the buyer is their
brother . The seller thinks about it and tells the real estate professional that they are
OK with the situation . This is an example of which fiduciary duty ?
Avoid conflicts of interest .
Disclose conflicts of interest .
Utmost loyalty . - answer>>>Disclose conflicts of interest .
The solid or cross bridging is use in the construction of the floor to :
Keep the floor joists from twisting .
Increase the integrity of the floor .
Keep the floor from bowing . - answer>>>Increase the integrity of the floor .
True or False: RECA received a complaint about a real estate professional . RECA
does an investigation . Any of the information they discover during the investigation
will be disclosed to the complainant and may be used by the complainant in any
future civil action they may take against the real estate professional . -
answer>>>The conduct review process allows for the industry professional to
provide complete and truthful statements without concern over civil repercussions .
The information cannot be used or received against the industry professional in any
civil proceedings . false
, -
There are 2 encumbrances that take priority over mortgages on title . Which ones
are they and choose the order that they have priority over mortgages .
Property taxes and homeowner association fees .
Condominium fee and homeowner association fees .
Property taxes and condominium fees . - answer>>>Property taxes and
condominium fees .
bilateral
unilateral - answer>>>bilateral
professional suggest a potential price the seller might accept plus gives the potential
buyer advice about the structure . This is an example of which way a representation
relationship can be formed ?
Oral Agreement .
Written Agreement .
By Implication . - answer>>>By Implication .
The Municipal Government Act states the date when all municipal assessments must
be completed . That date is :
June 1 of each year .
July 1 of each year .
January 1 of each year . - answer>>>July 1 of each year .
A For Sale by Owner is approached by real estate professional " A " with a potential
buyer.The For Sale by Owner indicates the if there is an offer to give real estate
, professional " B " a call as this is their agent . At this point there is not a written
service agreement between the For Sale by Owner and real estate professional " B "
. This is an example of what type of representational relationship :
Implied
Ratification
Estoppel - answer>>>Estoppel
The first Real Estate Regulation was passed in :
1903
1905
1906
None of these options are correct - answer>>>1906
Question 58 The owner of a property is unable to pay the taxes on the property .
Which of the following is the right the Crown has to have title returned to it ?
Power of taxation
Police power
Power of escheat - answer>>>Power of escheat
Under the Municipal Land Bylaw Land use controls offers certainty but can be ------
inflexible
flexible - answer>>>Land us controls have the advantage of certainty , but can be
inflexible . Development controls provide more flexibility , but have more
uncertainty as to whether a proposed land use will be permitted. - Inflexible
A service agreement establishes the responsibilities and services to be provided by
both parities . This service agreement :
