RECA Exam case studies
RECA Exam · Put your knowledge to work in context.
The RECA Pre-licensing Exam is the assessment that stands between completing a recognized pre-licensing course and applying to be licensed in Alberta's regulated real estate industry. It is not open to the public: only learners whose course provider has marked them 'Ready for Exam' in myRECA can purchase a sitting, and learners must pass before the course expiration date shown in myRECA. Sittings are delivered by Pearson at test centres. From the date of eligibility, learners have three months to schedule and complete up to two attempts, at 235 per attempt, and a minimum score of 70% is required to pass. The RECA Exam case studies are 5 cases and about 3,362 words.
1Two Associates, One House: Designated Agency and a Latent Defect
Amara is an associate at a brokerage that practises designated agency. She represents buyers Jae and Priya, who have been pre-approved to 640,000 and have signed a buyer's service agreement.
594 words, about 3 min2The Weekend Deposit and the "Just Admin" Assistant
A 25,000 deposit cheque on a 480,000 house sale arrives at the brokerage on Friday at 4:10 p.m. The broker's office administrator, who is unlicensed, deposits it into the brokerage's general operating account "just for the weekend" because the trust account reconciliation is not finished.
566 words, about 3 min3Stated Income, a Volume Bonus, and a Referral Invoice
Miko is a licensed mortgage broker. A borrower, Dan, applies for a 520,000 first mortgage on a 610,000 purchase.
779 words, about 4 min4The Brother-in-Law's Snow Contract and the Deferred Reserve Fund
Priya manages a 180-unit condominium corporation. Okafor, discloses that his brother-in-law owns a snow-removal company that has bid 18,400 per year; two other bids came in at 13,900 and 14,600.
584 words, about 3 min5"No Kids, No Heat, and Borrow From the Trust Account"
Ravi manages a 60-unit rental building for an out-of-province owner. Also skip the furnace repair in unit 12; the tenant paid late in March so let them sweat.
839 words, about 4 min