RECA Exam Prep /Latest 2025
Questions and Verified Answers
1. 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? Disclosure level 1
2. 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? Others tell you that you have an ethical dilemma
3. Which of the following statements is correct regarding the length of time that real estate
professionals are obligated to keep client information confidential? It continues without a
time limit after real estate services are no longer provided
4. Which of the following describes what is meant by a lawful instruction? Any instruction that
is reasonable and ordinary under the circumstances
5. 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? Express Authority
6. Which of the following describes the party that exists outside of a representation
relationship? Third Party
7. Which of the following is NOT a type of authority an agent may hold? Functional Authority
8. Which of the following are the only entities authorized to trade in real estate? Real Estate
Brokerages
9. Which of the following categories of brokerage services involves numerous services that
require the greatest level of discretion or judgement? Property Management Services
10. Which of the following does NOT apply to consideration? Consideration always involves
money
11. What is the difference between a condition and a term in a contract? Conditions must be
waived for the contract to proceed, while a contract can still proceed with unmet terms
1/9
, 12. Which of the following is NOT an essential element of a contract? The contract must be in
written form to be enforceable
13. The Ogami's have just completed their first English language course. They want to start a
family business and take out a mortgage on their small townhouse to get funds for the
business. However the business fails and they must repay the mortgage. Since the
Ogami's struggle with English, they did not understand the mortgage contract. If they
challenge the contract, what term describes the possible result?
The contract may be voidable
14. Which of the following is NOT characteristic of value in relation to a commodity?: Pricing
15. Which of the following Professional Conduct Review outcomes is issued as a practice guideline
for a technical breach of the legislation? Advisory Note
16. Which of the following statements is correct regarding the Real Estate Act Rules?
I. The Rules may only be amended by the provincial legislature
II. RECA posts the most current version of the Rules on its website
III. The Rules refer to the standards of practice for industry professionals
IV. When contemplating amendments to the Rules, RECA consults with industry professionals and
stakeholders
B) Statements II, III and IV:
17. Which of the following is NOT a type of reaction associated with conflicts or disputes? Social
Reaction
18. Which of the following is the provincial privacy legislation in Alberta? Personal Information
Protection Act
19. In terms of the brokerage, what are the 3 components of leadership that relate to the broker?
Authority, responsibility and accountability
20. Which of the following best describes a written acknowledgement? It should state that the
consumer received and understands the written disclosure made by a real estate professional
21. Which of the following types of authority allow an agent to act according to the usual ways of
performing an action as established by the profession? Customary authority
22. Which of the following responsibilities do real estate professionals owe customers? Only some
general obligations
23. If a real estate professional cannot provide competent service to a client, which of the following
statements describe actions that the real estate professional should take?
2/9
Questions and Verified Answers
1. 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? Disclosure level 1
2. 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? Others tell you that you have an ethical dilemma
3. Which of the following statements is correct regarding the length of time that real estate
professionals are obligated to keep client information confidential? It continues without a
time limit after real estate services are no longer provided
4. Which of the following describes what is meant by a lawful instruction? Any instruction that
is reasonable and ordinary under the circumstances
5. 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? Express Authority
6. Which of the following describes the party that exists outside of a representation
relationship? Third Party
7. Which of the following is NOT a type of authority an agent may hold? Functional Authority
8. Which of the following are the only entities authorized to trade in real estate? Real Estate
Brokerages
9. Which of the following categories of brokerage services involves numerous services that
require the greatest level of discretion or judgement? Property Management Services
10. Which of the following does NOT apply to consideration? Consideration always involves
money
11. What is the difference between a condition and a term in a contract? Conditions must be
waived for the contract to proceed, while a contract can still proceed with unmet terms
1/9
, 12. Which of the following is NOT an essential element of a contract? The contract must be in
written form to be enforceable
13. The Ogami's have just completed their first English language course. They want to start a
family business and take out a mortgage on their small townhouse to get funds for the
business. However the business fails and they must repay the mortgage. Since the
Ogami's struggle with English, they did not understand the mortgage contract. If they
challenge the contract, what term describes the possible result?
The contract may be voidable
14. Which of the following is NOT characteristic of value in relation to a commodity?: Pricing
15. Which of the following Professional Conduct Review outcomes is issued as a practice guideline
for a technical breach of the legislation? Advisory Note
16. Which of the following statements is correct regarding the Real Estate Act Rules?
I. The Rules may only be amended by the provincial legislature
II. RECA posts the most current version of the Rules on its website
III. The Rules refer to the standards of practice for industry professionals
IV. When contemplating amendments to the Rules, RECA consults with industry professionals and
stakeholders
B) Statements II, III and IV:
17. Which of the following is NOT a type of reaction associated with conflicts or disputes? Social
Reaction
18. Which of the following is the provincial privacy legislation in Alberta? Personal Information
Protection Act
19. In terms of the brokerage, what are the 3 components of leadership that relate to the broker?
Authority, responsibility and accountability
20. Which of the following best describes a written acknowledgement? It should state that the
consumer received and understands the written disclosure made by a real estate professional
21. Which of the following types of authority allow an agent to act according to the usual ways of
performing an action as established by the profession? Customary authority
22. Which of the following responsibilities do real estate professionals owe customers? Only some
general obligations
23. If a real estate professional cannot provide competent service to a client, which of the following
statements describe actions that the real estate professional should take?
2/9
