Today we are going to understand the weightage of Residential Real Estate in the RECA Exam with unit-wise distribution of questions and emphasis.
The Residential Real Estate is the most common type of Real Estate Course. If you are planning to become a Real Estate Agent in Alberta, one of the most popular type of Real Estate Agents are Residential Real Estate Agents. The reason being Residential Real Estates deal with non-organizational clients who are planning to buy properties for non-commercial or personal use. This includes a family or an individual who wants to have a personal house for personal use or investment purposes.
Eventually, there is always a high demand for Residential Real Estate Business as almost all individuals plan to have at least one personal house for personal use in their lifetime. Real Estate Investment among the residential group is also common and affordable for most of the people.
Due to the high demand of buyers in the Residential Real Estate Industry, there is a high demand of applicants who aspire to become Residential Real Agents in Alberta as well as in Canada. RECA understands these dynamics and thus provides a reasonable amount of emphasis on the topic.
Weightage of Residential Real Estate Topics in the RECA Exam
Number of Questions: It has been allotted a total number of 120 Questions in the exam.
Question Format: All the questions are multiple-choice. You can select the best option that you think is right from a given list of 4 options.
Time allotted per Question: Forideal and expected results, you can allot an average of 1.50 minutes to each question to complete the exam in the stipulated time.
Weightage Distribution by Unit
We will also understand the marginal distribution of the sub-topics that are covered under the topic Residential Real Estate. It will also include the weightage given to each of the topics by the Real Estate Council of Alberta in its real estate exams.
Residential Real Estate as a topic is parted into 9 Units:
- Residential Real Estate Clients
- Residential Property Basics
- Property Measurements and the RMS
- Legal Matters and Concerns
- Residential Property Valuation
- Mortgage Financing
- Rural Residential Real Estate
- Representing the Seller
- Representing the Buyer
One must know the basics of Real Estate Licensing to apply for any of the Real Estate Licensing Courses. Before you jump on any Real Estate Category, have a look at the Areas of Specialization in Real Estate Licensing in Alberta.
Each of them has different weightage criteria in the RECA exam. Have a look at the image to understand the segregation of questions and their weightage in the exam based on Course Units –
Minimum Passing Requirements for the Exam
- Passing Percentage – The minimum passing percentage for the Residential Real Estate Exam is 70%.
- Passing Marks – The minimum number of marks required to pass the exam is 84.
These are some important tips for fresh applicants who are planning to appear for the Residential Real Estate Exam by RECA but have minimal knowledge of the distribution of marks and emphasis given to each of the topics in the exam.
These will help you to plan your studies as well as the exams with a better understanding of the topics involved. You can anticipate accurate results when you are aware of these small details while you are preparing for the Residential Real Estate Exam in Alberta.
Get to know our extensive list of Exam Weightings for Fundamentals of Real Estate Licensing with unit-wise distribution of marks.
Join Alberta Real Estate School for expert help with understanding the concepts of Real Estate and getting uncommon and detailed tutoring sessions summarized as per your needs. Get our personalized Notes designed to get you through the Real Estate Exams in the first attempt! Visit our list of Real Estate Tutoring Sessions for details.
If you have any doubts for Exam Preparation of any of the real estate courses or topics, reach out to us directly at 587.936.7779.
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Happy Realtoring!!