RECA RESIDENTIAL EXAM

RECA RESIDENTIAL EXAM ACTUAL EXAM 200+ QUESTIONS AND DETAILED ANSWERS Seller's confidential info - ANS-Reason of property sale -Motivation regarding sale -Price seller will accept for sale -Offers received by seller Buyer's confidential info - ANS-Reason for purchase of property -Motivation to purchase -Price willing to pay for property -Offers submitted Trustee - ANSLegally appointed person to hold assets for benefits of one or more persons. Trust agreements set out terms of trustee's powers and duties. Executors - ANSPerson who receives title of property when owner of the property is deceased. Development permits - ANS-Used for new subdivisions. -Authorizes location, size and use of building. Building permits - ANS-Used for new residential buildings. -Valid for one year in which building must proceed. -ABC establishes technical specifications for new buildings. Occupancy permits - ANS-Used for new residential buildings. Builder must secure permit before residence is approved for occupation by purchaser. Subsequent building permits - ANS-Used to change existing buildings. -Required for new additions, demo or relocation, Major alterations or renovation, supplemental structure. Concepts of residential construction - ANS-Technology -Sustainability -Accessibility -Adaptability Technology - ANS-the process of implementing single application to operate multiple functions of a property Sustainability - ANS-Use and recycling of materials used in construction Accessibility - ANS-Individuals ability to access a building, move within and independence without barriers. IE Ramps, lifts elevators. Adaptability - ANS-How easy it is to change a home to meet a client's need, ie a home to grow old in. Developer warranty programs - ANS-1 year warranty on materials/workmanship used to construct residence, begins when buyer takes possession. Extended warranty programs - ANS-In conjunction with builder's warranty, provides 10-year protection against structural defects. Manufactured construction - ANS-3 sections almost complete (up to 95%) -Minimal time required to join and complete sections. Modular construction - ANS-Three-dimensional, combined to create cohesive building. -85% complete, few weeks to fully develop. Panelized construction - ANS-Prefabricated wall, floor or roof panel. -Partial wall panel is framing sheathing. -Completed wall panel include windows and or siding. Building substructure - ANSBelow grade construction of foundation. Building superstructure - ANSAbove grade construction of building. -Envelope, service systems, interior building features. Building envelope - ANS-Everything that encloses structure and protects from elements. -Roof, exterior walls, windows, exterior doors and interior walls.