RECA FUNDAMENTALS OF MORTGAGE
BROKERAGE 2026 ACTUAL PAPER FULL
QUESTIONS AND ANSWERS 100 PERCENT
CORRECT
◉ Hot water. Answer: hot water tanks
Tankless hot water heaters
- central - designed to supply hot water throughout whole building
- point of use - only supply to plumbing fixture they are attached to.
Efficient to use but expensive to install
◉ Plumbing. Answer: includes fresh water, hot water, and waste
water
- materials used include copper, rigid plastic, and flexible plastic
◉ Heating. Answer: The main types of residential heating include;
Forced air
hot water
radiant - uses hot water or electricity
electric systems
,High efficiency vents out the buildings exterior wall
◉ Ceilings. Answer: Valuted - follow roofline, unequal sides
Cathedral - two equal sides (Aframe)
Drop- covers pipes and wires
Coffered - insets, waffle like
◉ Main principals of water. Answer: Reduce, Retrofit, repair
◉ Remediation. Answer: return a contaminated area to a level that
does not impair or damage the environment, health or safety
◉ Legislation. Answer: Safety Codes Act - Permit regulation
Fair Trading Act - Home inspection business regulation
Energy Efficiency Act and Regulations - minimum energy
performance requirements
Alberta Building Code - specifications for new construction and
building materials
◉ Property Inspections. Answer: an examination of various building
systems in order to provide an opinion
,Should include
- current conditions of all items inspected by the property
- Inspected items listed as unsafe or requires repairs
- preventative measures needed to remedy or extend life of
inspected items
- do not look at building permits
Home inspection business regulation
◉ Environmental Risks. Answer: - are situations in which a property
and/or its occupants are exposed to danger
- only limited exposure is possibly before irreparable damage
- becomes risk only if a conduit to facilitate the transaction is
present
Environmental Hazard
- could cause harm to health or safety with exposure
◉ RMS. Answer: Detached house - measure from exterior wall at
foundation
Attached/semi attached - measure from interior walls at floor level.
, Exclude any floors where portion is below grade.
include anything above grade + any additions if they have
permanent foundation/footings, connected to main electrical,
heated by main heating or has its own
5 ft ceiling height may be included as long as 7ft is somewhere
stairs are added to level they lead to
◉ Correlation between property size and price. Answer: - not
proportional, many other factors.
- no direct correlation
◉ Measurement tips. Answer: interior measurements are used to
extrapolate exterior measurements - when exterior is inaccessible
extrapolated measurements should be included as additional
measurements
◉ Professionals Sanctions. Answer: Advisory Note - measures
property but makes mistake (math error, data entry error) - not
technically a sanction
BROKERAGE 2026 ACTUAL PAPER FULL
QUESTIONS AND ANSWERS 100 PERCENT
CORRECT
◉ Hot water. Answer: hot water tanks
Tankless hot water heaters
- central - designed to supply hot water throughout whole building
- point of use - only supply to plumbing fixture they are attached to.
Efficient to use but expensive to install
◉ Plumbing. Answer: includes fresh water, hot water, and waste
water
- materials used include copper, rigid plastic, and flexible plastic
◉ Heating. Answer: The main types of residential heating include;
Forced air
hot water
radiant - uses hot water or electricity
electric systems
,High efficiency vents out the buildings exterior wall
◉ Ceilings. Answer: Valuted - follow roofline, unequal sides
Cathedral - two equal sides (Aframe)
Drop- covers pipes and wires
Coffered - insets, waffle like
◉ Main principals of water. Answer: Reduce, Retrofit, repair
◉ Remediation. Answer: return a contaminated area to a level that
does not impair or damage the environment, health or safety
◉ Legislation. Answer: Safety Codes Act - Permit regulation
Fair Trading Act - Home inspection business regulation
Energy Efficiency Act and Regulations - minimum energy
performance requirements
Alberta Building Code - specifications for new construction and
building materials
◉ Property Inspections. Answer: an examination of various building
systems in order to provide an opinion
,Should include
- current conditions of all items inspected by the property
- Inspected items listed as unsafe or requires repairs
- preventative measures needed to remedy or extend life of
inspected items
- do not look at building permits
Home inspection business regulation
◉ Environmental Risks. Answer: - are situations in which a property
and/or its occupants are exposed to danger
- only limited exposure is possibly before irreparable damage
- becomes risk only if a conduit to facilitate the transaction is
present
Environmental Hazard
- could cause harm to health or safety with exposure
◉ RMS. Answer: Detached house - measure from exterior wall at
foundation
Attached/semi attached - measure from interior walls at floor level.
, Exclude any floors where portion is below grade.
include anything above grade + any additions if they have
permanent foundation/footings, connected to main electrical,
heated by main heating or has its own
5 ft ceiling height may be included as long as 7ft is somewhere
stairs are added to level they lead to
◉ Correlation between property size and price. Answer: - not
proportional, many other factors.
- no direct correlation
◉ Measurement tips. Answer: interior measurements are used to
extrapolate exterior measurements - when exterior is inaccessible
extrapolated measurements should be included as additional
measurements
◉ Professionals Sanctions. Answer: Advisory Note - measures
property but makes mistake (math error, data entry error) - not
technically a sanction
