Real Estate Areas of Practice & Restrictions

Flashcards about Real Estate Areas of Practice & Restrictions

Can an individual be registered with more than one brokerage at the same time under RECA's jurisdiction?

No, an individual is prohibited from being registered with more than one brokerage at the same time.

Can an individual be licensed in more than one profession under RECA?

Yes, as long as they are eligible and have completed the required pre-licensing education.

Commercial Real Estate

Helping clients buy, sell, or lease office, industrial, retail, or multi-residential properties (more than four units).

Property Management

Leasing properties on behalf of an owner and dealing with tenants.

Residential Real Estate

Helping clients buy and sell residential properties (up to four individual units).

Rural Real Estate

Helping clients buy and sell farms and ranches.

What must an individual do when licensed in multiple professions?

They must advise each brokerage about the other professions in which they are licensed.

What should an individual do regarding potential conflicts of interest when licensed in multiple professions?

Advise the brokers of any potential conflicts of interest that may arise.