Reca – Residential Exam Questions and
Detailed Answers | New Update
Self regulation - ✔✔-General obligation
-Care & Skill
-Act honestly
-Negotiate favorable terms
-Maintain confidentiality
-Disclose information
-Act in person
-Obey lawful instructions
-Perform mandate
Brokerage interests - ✔✔Interest of brokerage at odds with brokerage client
Fiduciary duties - ✔✔-Utmost loyalty
-Not to make secret profits
-Maintain confidentiality
-To account
-Avoid and disclose conflicts of interest
1|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,Competing interests - ✔✔Interest of brokerage clients compete in a transaction
or potential transaction
Opposing interests - ✔✔Interest of brokerage clients oppose in the same
transaction or potential transaction
Standard of care - ✔✔-Professional standards
-Professional norms/practices
-Expert testimony
-Benefits of role clarity/consistency
-Meeting regulatory requirements
-Enhances professionalism
-Prevents unintended relationships
-Clarifies responsibilities and services to consumers
-Reduces disputes
PIPEDA - ✔✔Federal - privacy act
PIPA - ✔✔Provincial - Privacy act
CASL - ✔✔Canada's anti spam legislation - federal
Privacy principles - ✔✔-Accountability
-Identifying purposes
2|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,-Consent
-Limiting collection
-Limiting use, disclosure, retention
-Accuracy
-Safeguards of data protection
-Openness
-Individual access
-Challenging compliance
Seller's confidential info - ✔✔-Reason of property sale
-Motivation regarding sale
-Price seller will accept for sale
-Offers received by seller
Buyer's confidential info - ✔✔-Reason for purchase of property
-Motivation to purchase
-Price willing to pay for property
-Offers submitted
Trustee - ✔✔Legally appointed person to hold assets for benefits of one or more
persons. Trust agreements set out terms of trustee's powers and duties.
3|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, Executors - ✔✔Person who receives title of property when owner of the
property is deceased.
Development permits - ✔✔-Used for new subdivisions.
-Authorizes location, size and use of building.
Building permits - ✔✔-Used for new residential buildings.
-Valid for one year in which building must proceed.
-ABC establishes technical specifications for new buildings.
Occupancy permits - ✔✔-Used for new residential buildings. Builder must
secure permit before residence is approved for occupation by purchaser.
Subsequent building permits - ✔✔-Used to change existing buildings.
-Required for new additions, demo or relocation, Major alterations or
renovation, supplemental structure.
Concepts of residential construction - ✔✔-Technology
-Sustainability
-Accessibility
-Adaptability
Technology - ✔✔-the process of implementing single application to operate
multiple functions of a property
4|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
Detailed Answers | New Update
Self regulation - ✔✔-General obligation
-Care & Skill
-Act honestly
-Negotiate favorable terms
-Maintain confidentiality
-Disclose information
-Act in person
-Obey lawful instructions
-Perform mandate
Brokerage interests - ✔✔Interest of brokerage at odds with brokerage client
Fiduciary duties - ✔✔-Utmost loyalty
-Not to make secret profits
-Maintain confidentiality
-To account
-Avoid and disclose conflicts of interest
1|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,Competing interests - ✔✔Interest of brokerage clients compete in a transaction
or potential transaction
Opposing interests - ✔✔Interest of brokerage clients oppose in the same
transaction or potential transaction
Standard of care - ✔✔-Professional standards
-Professional norms/practices
-Expert testimony
-Benefits of role clarity/consistency
-Meeting regulatory requirements
-Enhances professionalism
-Prevents unintended relationships
-Clarifies responsibilities and services to consumers
-Reduces disputes
PIPEDA - ✔✔Federal - privacy act
PIPA - ✔✔Provincial - Privacy act
CASL - ✔✔Canada's anti spam legislation - federal
Privacy principles - ✔✔-Accountability
-Identifying purposes
2|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
,-Consent
-Limiting collection
-Limiting use, disclosure, retention
-Accuracy
-Safeguards of data protection
-Openness
-Individual access
-Challenging compliance
Seller's confidential info - ✔✔-Reason of property sale
-Motivation regarding sale
-Price seller will accept for sale
-Offers received by seller
Buyer's confidential info - ✔✔-Reason for purchase of property
-Motivation to purchase
-Price willing to pay for property
-Offers submitted
Trustee - ✔✔Legally appointed person to hold assets for benefits of one or more
persons. Trust agreements set out terms of trustee's powers and duties.
3|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
, Executors - ✔✔Person who receives title of property when owner of the
property is deceased.
Development permits - ✔✔-Used for new subdivisions.
-Authorizes location, size and use of building.
Building permits - ✔✔-Used for new residential buildings.
-Valid for one year in which building must proceed.
-ABC establishes technical specifications for new buildings.
Occupancy permits - ✔✔-Used for new residential buildings. Builder must
secure permit before residence is approved for occupation by purchaser.
Subsequent building permits - ✔✔-Used to change existing buildings.
-Required for new additions, demo or relocation, Major alterations or
renovation, supplemental structure.
Concepts of residential construction - ✔✔-Technology
-Sustainability
-Accessibility
-Adaptability
Technology - ✔✔-the process of implementing single application to operate
multiple functions of a property
4|Page
©KERRYMARTIN 2025/2026. YEAR PUBLISHED 2025.
