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RECA Residential Unit 2 with complete verified solutions .

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RECA Residential Unit 2 with complete verified solutions .

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Institution
RECA Residential
Course
RECA Residential

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Uploaded on
September 27, 2024
Number of pages
105
Written in
2024/2025
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Exam (elaborations)
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RECA Residential Unit 2 with
complete verified solutions
2025-2026
9 things that, when representing sellers, REPs can do - answer 1.
Identify the features, qualities, and advantages that relate to the
sellers' property 2. Describe the property appropriately in the
applicable listing service and property databases. 3. Market the
property based on the features, qualities, and advantages. 4.
Promote the property and answer their buyers' questions regarding
it. 5. Accurately answer questions regarding the property to other
REPs. 6. Avoid misrepresentation of the property due to
inaccurate/incomplete information 7. Identify more of the due
diligence activities that they need to perform on behalf of the
sellers 8. Demonstrate professional competence and value-added
service, instilling seller confidence 9. Provide support and guidance
during the sale of the property


7 things that, when representing buyers, REPs can do - answer 1.
Understand buyer wants and needs when seeking a property 2.
Select appropriate properties for buyers to view based on their
needs and wants 3. Answer buyers' questions regarding property
features and attributes 4. Avoid misrepresentation of property to
the buyers due to inaccurate information 5. Identify the due
diligence activities they need to perform on behalf of the their
buyers 6. Demonstrate professional competence and value-added
service, instilling buyers' confidence 7. Provide support and
guidance during the purchase of a property


Key Topic Discussion - Seller/Buyer Client - Price - answer Seller:
Do price valuation; discuss list price. Buyer: Ask about financial
qualifications

,Key Topic Discussion - Seller/Buyer Client - Location - answer
Seller: Determine property location. Buyer: Determine preferred
location(s)


Key Topic Discussion - Seller/Buyer Client - Age - answer Seller:
Determine property age. Buyer: Determine property age
preference(s)


Key Topic Discussion - Seller/Buyer Client - Features - answer
Seller: Recognize property Features. Buyer: Determine property
features preference(s)


Key Topic Discussion - Seller/buyer Client - Type - answer Seller:
Identify property type. Buyer: Determine property type
preference(s)


Key Topic Discussion - Seller/buyer Client - Style - answer Seller:
Identify property style. Buyer: Determine property style
preference(s)


Key Topic Discussion - Seller/buyer Client - Size - answer Seller:
Measure overall property size. Buyer: Determine need for specific
property size


Key Topic Discussion - Seller/buyer Client - Other needs/wants -
answer Both: Ask, listen, learn what is important


8 key topics REPs should discuss with their clients - answer 1. Price
2. Location 3. Age 4. Features 5. Type 6. Style 7. Size 8. Other
needs/wants


For representing buyers, REPs are expected to have a general
knowledge of the areas in which they practice, including... (x4) -
answer land use, transportation issues, approved developments,

,and publicly available information that may influence the decision of
the buyers you represent


Property features typically relate to... (x4) - answer the age, type,
style and layout of the property


Before residential construction can commence, intial aspects must
be addressed such as ...(x2) - answer acquiring required permits
from the municipality indicating where the residential development
will be built and ensuring compliance with the Alberta Building Code
during construction


4 types of permits used in the residential construction process -
answer 1. Development permits (sued for new subdivisions) 2.
Building Permits (used for new residential buildings 3. Occupancy
Permits (used for new residential buildings) 4. Subsequent Building
Permits (used for changes to existing buildings)


According to the Land Use Bylaw, what must a builder obtain before
residential development of any land may occur - answer the builder
must obtain a Development Permit from the municipality


Under the Municipal Government Act (subsection 616) what is
required of a Development Permit? - answer a Development Permit
be issued under a Land Use Bylaw and that it serves as municipality
authorization for the proposed development of the land


"a Building" meaning under the Municipal Government Act - answer
The Municipal Government Act (subsection 616) defines a building
as anything constructed or placed on, in, over or under land.


In a new residential subdivision, is the builder required to obtain a
development Permit for the entire subdivision as well as building
permits for each individual residence to be constructed within the
subdivision? - answer Yes. This requires the initial development

, plan plus the builder must submit building plans to the municipal
jurisdiction for each property it intends to build


How long are building permits valid? - answer Typically, a building
permit is valid for one year during which the construction process
must be initiated. The length of time to complete the construction
of the building varies based on size, complexity, and location.


What does the Municipal Government Act allow municipalities to
regulate through its land use bylaws? - answer to regulate the use,
size and type of buildings


Does the building permit date represent the exact year the building
was built? - answer No, Due to allocation of resources, availability
of tradespeople, and construction delays that may by caused by
supply shortages of material and labour, the building permit date
only represents the approximate year the property was constructed


What does "ABC" stand for? What does it do? - answer Alberta
Building Code is the legislation that establishes technical
specifications for new building construction and construction
materials.


is regulating building construction a federal or provincial
responsibility - answer Provincial. In Canada, provinces and
territories are responsible for regulating building construction
within their respective jurisdictions.


Who created the ABC? And under which Act? - answer The Safety
Codes Council under the Safety Codes Act created the ABC.


What is the ABC based on? - answer The ABC is based on the
National Building Code, which was developed by the National
Research Council (NRC). The purpose of the National Building Code
is to promote consistent standards for the construction industry

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