Fundamentals of real estate RECA
Unit 3 Exam Actual Questions and
Answers 2026
set of beliefs held by an individual and founded on fundamental
princibles of right and wrong -
correct answer ✅Morals
The standard of conduct adopted and practiced within a culture or
society -
correct answer ✅Ethics
The rules and reg, more precise than ethical rules, governing the
day-to-day activities of a person who adopted such standards -
correct answer ✅Professional standards
Providing service within the boundaries of one expertise,
Working within the brokerage structure, policies and procedures,
Providing services in compliance with the act and rules. -
correct answer ✅Things to reduce complaints
Was designed to provide a degree of protection and confidence for
consumers wishing to work with industry pros. Compensates
consumers who suffer a financial loss as a result of a industry pro. -
correct answer ✅Real estate assurance fund
, Fundamentals of real estate RECA
Unit 3 Exam Actual Questions and
Answers 2026
Provides financial protection to Alberta real estate pros by
administering the mandatory E&O -
correct answer ✅REIX
Things they dont know to ask, Possible consequences of their lawful
instructions to you, Any cost to the trade that they may not have
anticipated. -
correct answer ✅Standard of care, informing clients of...
A real estate brokerage can act as the clients agent , including all
brokerage staff -
correct answer ✅Common law
An individual real estate pro can act as the clients agent -
correct answer ✅Designated agency
real estate pros have no fiduciary obligations to them, but there
may be reasons why someone may enter into this type of
relationship, Brokerage won't act as their agent, They have decided
not to be represented by an agent, Brokerage has no fiduciary
Unit 3 Exam Actual Questions and
Answers 2026
set of beliefs held by an individual and founded on fundamental
princibles of right and wrong -
correct answer ✅Morals
The standard of conduct adopted and practiced within a culture or
society -
correct answer ✅Ethics
The rules and reg, more precise than ethical rules, governing the
day-to-day activities of a person who adopted such standards -
correct answer ✅Professional standards
Providing service within the boundaries of one expertise,
Working within the brokerage structure, policies and procedures,
Providing services in compliance with the act and rules. -
correct answer ✅Things to reduce complaints
Was designed to provide a degree of protection and confidence for
consumers wishing to work with industry pros. Compensates
consumers who suffer a financial loss as a result of a industry pro. -
correct answer ✅Real estate assurance fund
, Fundamentals of real estate RECA
Unit 3 Exam Actual Questions and
Answers 2026
Provides financial protection to Alberta real estate pros by
administering the mandatory E&O -
correct answer ✅REIX
Things they dont know to ask, Possible consequences of their lawful
instructions to you, Any cost to the trade that they may not have
anticipated. -
correct answer ✅Standard of care, informing clients of...
A real estate brokerage can act as the clients agent , including all
brokerage staff -
correct answer ✅Common law
An individual real estate pro can act as the clients agent -
correct answer ✅Designated agency
real estate pros have no fiduciary obligations to them, but there
may be reasons why someone may enter into this type of
relationship, Brokerage won't act as their agent, They have decided
not to be represented by an agent, Brokerage has no fiduciary
