RECA Fundamentals of Real Estate
Unit 7 Exam Actual Questions and
Answers 2026
certificates lis pending -
correct answer ✅Registered against the title, provides notice that
litigation is in progress regarding the land. This often results from
some type of pending financial claim against the owner
Writs of enforcement -
correct answer ✅Written directive from the court issued against a
property title, is issued when a claimant successfully sues a debtor
resulting in the claimant favour
Torrens system -
correct answer ✅Adopted in 1887 for use as its first land title
registration system. was created to provide security of title and to
facilitate land transactions.
benefits... provides security of title, Eliminates time consuming title
searches , Results in efficient and economical transfer of real
property
3 p's of contracts -
correct answer ✅Parties, Property, Price
, RECA Fundamentals of Real Estate
Unit 7 Exam Actual Questions and
Answers 2026
innocent Misrepresentation -
correct answer ✅occurs when one party makes a false or incorrect
statement without being aware its false
Negligent misrepresentation -
correct answer ✅Occurs when on party makes a false
representation they claim is accurate, which the other party then
releases upon without seeking conformation
Fraudulent Misrepresentation -
correct answer ✅when one party intentionally discloses false info
or withholds true info
Material laten defect -
correct answer ✅refers to physical defect known to the seller or
real estate licensee that is not easily discoverable through a
reasonable inspection
common mistakes -
correct answer ✅involves both parties misunderstanding a fact the
same way
Unit 7 Exam Actual Questions and
Answers 2026
certificates lis pending -
correct answer ✅Registered against the title, provides notice that
litigation is in progress regarding the land. This often results from
some type of pending financial claim against the owner
Writs of enforcement -
correct answer ✅Written directive from the court issued against a
property title, is issued when a claimant successfully sues a debtor
resulting in the claimant favour
Torrens system -
correct answer ✅Adopted in 1887 for use as its first land title
registration system. was created to provide security of title and to
facilitate land transactions.
benefits... provides security of title, Eliminates time consuming title
searches , Results in efficient and economical transfer of real
property
3 p's of contracts -
correct answer ✅Parties, Property, Price
, RECA Fundamentals of Real Estate
Unit 7 Exam Actual Questions and
Answers 2026
innocent Misrepresentation -
correct answer ✅occurs when one party makes a false or incorrect
statement without being aware its false
Negligent misrepresentation -
correct answer ✅Occurs when on party makes a false
representation they claim is accurate, which the other party then
releases upon without seeking conformation
Fraudulent Misrepresentation -
correct answer ✅when one party intentionally discloses false info
or withholds true info
Material laten defect -
correct answer ✅refers to physical defect known to the seller or
real estate licensee that is not easily discoverable through a
reasonable inspection
common mistakes -
correct answer ✅involves both parties misunderstanding a fact the
same way
