RECA Residential Actual Exam Questions with Complete Solutions

RECA Residential Actual Exam Questions with Complete Solutions 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 Letter of Reprimand - measures property but makes error (failing to maintain diagram, failing to use correct methods, not discussing RMS with client, measuring outside of knowledge) Administrative Penalties - fails to measure or disregards process (not measuring properly, disregarding advice, choosing to not discuss with client) Property Defects - Answer-Patent Defects - obvious flaws discovered upon reasonable inspection. Buyer is responsible to discover and makes steps to satisfy. Latent Defects - not known to the seller or buyer at time of sale. Physical deficiencies that are not dangerous. Liability is an issue - common law doctrine of Caveat Emptor (buyer beware - protect own interests) Material Latent Defects - not visible upon ordinary inspection. Affects use or value. Seller must disclose - sellers may decide whether or not to disclose if has been remedied Flooding - Answer-Floodways - deepest fastest, highest risk (red) Flood Fringes - shallower, slower (pink) Found on flood hazard map Disaster Recovery Program - provides funding for uninsured property damage. registers on property title, can only qualify every 100 years. - administered by Alberta Municipal Affairs Secondary Suites - Answer-Not usually permitted in duplexes, semi-detached or attached. - must have seperate entrance with direct access to outside - at least one window in each bedroom - fire protection between suite and dwelloing - interconnected smoke alarm, carbon monoxide - enclosed furnace room - independent heating, ventilation and electrical