Reca Residential Actual/ Reca Residential Actual Exam 110+Question And Answers With Latest Solution As Per Marking Scheme.

Fiduciary Representation - correct ans-- Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - correct ans-1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - correct ans-- the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts that may influence consumers decision to proceed with relationship made to clarify and provide proof of undertanding in event issues or disputes arise Written Service Agreement vs Customer Acknowledgement Forms - correct ans-Written Service Agreement - when consumer chooses a representation relationship - becomes a client - provide signed copy to brokerage Customer Acknowledge forms - non-representation relationship - becomes a customer - provide signed copy to brokerage PIPEDA - correct ans-- Federal legislation PIPA - correct ans-Alberta's legislation, how private organizations use and disclose personal information. Power of Attorney - correct ans-a legal document authorizing someone to act on your behalf - must be 18 - POA must be written, dated and signed by both donor and witness - donor must be mentally capable or contract is void - only effective as long as donor is alive, will takes effect once death Types of POA - correct ans-General POA - has no limits on powers of the attorney - can make all decisions regarding financial and legal affairs - exception where the donor resides and health careRECA RESIDENTIAL ACTUAL/ RECA RESIDENTIAL ACTUAL EXAM 110+QUESTION AND ANSWERS WITH LATEST SOLUTION AS PER MARKING SCHEME. Special POA - make certain decisions - also called limited POA - may grant authority to oversee sale, deals with land - must be registered on Certificate of Title Immediate POA - takes effect as soon as POA is signed, dated and witnessed - terminates upon loss of mental capacity or death Enduring POA - immediately upon being signed, dated and witnessed - continues if donor becomes incapable, mentally incapacitated - must include statement whether it takes effect immediately and continues... Judicial Sale - correct ans-Court ordered sale usually as a way to resolve legal matters - primary debt recovery method for default mortgages Foreclosure - correct ans-legal action supervised by the court following a default on the mortgage. -transfers the real property from the borrower to the lender and erases interests on title. Alberta Building Code - correct ans-Legislation that establishes technical specifications for new building construction and construction materials Building Permit - correct ans-typically valid for one year during which construction process must be initiated Factory Built Construction - correct ans-Manufactured - three sections that are 95% complete when they leave the factory. - secure the sections to the foundation and join together - can often move in the same day or within days - saves time and mony Modular Construction - manufacturing three dimensional units, 85 percent complete when they leave - requires few weeks on site to be complete - allows for creation of multi-story buildings Panelized construction - creation of pre-fabricated wall, floor or roof panels - panels may be completed fully or partially - may consist of just the frame or fully complete with windows and sidingRECA RESIDENTIAL ACTUAL/ RECA RESIDENTIAL ACTUAL EXAM 110+QUESTION AND ANSWERS WITH LATEST SOLUTION AS PER MARKING SCHEME. Alberta Safety Codes Act - correct ans-provincial legislation that sets specifications for new building. Components of Construction - correct ans-Lot Substructure - building foundation Superstructure - above grade construction includes; envelope, service systems, interior - building envelope - everything that encloses the structure - roof, exterior walls, windows, doors, and interior walls - building service systems - supply's essential services - heat, electricity, water - interior - interior walls, features, finishes, and fixtures Pre-wired - security systems, internet, fireplace controls, windows Preserved Wood foundation - correct ans-treated wood, must be certified with a stamp. - must be examined by engineer or architect stating conforms to the Alberta Building Code requirements - poured concrete is the most common foundation Subsurface Drainage - correct ans-Drain tiles - directs water to storm system or sump pit Sump Pump - located in sump pit in the foundation, accessible - submersible pump - installed within the sump pit - pedestal/upright - set outside of the sump pit Parging - correct ans-Thin top coat that is applied to exterior finish, used to create smooth surface. can be cement or acrylic - protects above grade foundation walls Building Floors - correct ans-Beams - structural components that create base Joist - support part of structure, placed horizontal - supports floor or ceiling Bridging/Blocking - adds to load carrying capabilities and reduces the potential for movement. R-Value or RSI - correct ans-the rate at which heat moves through insulation, the higher the value the more effective the material is at resisting the transfer of heat. R2000 - correct ans-Standard of insulation for new construction. Certified by GovtRECA RESIDENTIAL ACTUAL/ RECA RESIDENTIAL ACTUAL EXAM 110+QUESTION AND ANSWERS WITH LATEST SOLUTION AS PER MARKING SCHEME. - energy performance - indoor air quality - environmental responsibility Roofs - correct ans-Low slope - 14 degrees or less Steep slope - 15 degrees or more Flashing - used to create weatherproof seal Soffits - underside of roof, ventilation for the attic Fascia - trim the ends of the roof eaves - form connection between roof and exterior walls Windows - correct ans-Bay - angled Bow- smoother rounder than bay Dormer - built into the main roof Clerestory - high windows located on the upper part of wall Sky lights Fuel Utilization - correct ans-Low - Less than 77% Mid - 78-89% High - 90% + Electrical - correct ans-residential properties with less than 100 amp may be difficult to insure - permits needed for installation Hot water - correct ans-hot water tanks Tankless hot water heaters - central - designed to su