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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|AGRADE

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RECA RESIDENTIAL EXAM ACTUAL EXAM 200 QUESTIONS AND DETAILED ANSWERS|AGRADE

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RECA RESIDENTIAL EXAM
ACTUAL EXAM 200 QUESTIONS
AND DETAILED
ANSWERS|AGRADE

Well Yield test - water volume that is withdrawn over period of
time

Alternative energy sources - ANSWER>>- solar panels
- wind energy
- solar shingles
- geothermal energy systems

Waste Management Services - ANSWER>>- recycling
- waste disposal
- waste collection
- landfills

Rural residential Utilities - ANSWER>>Include water, sewage,
electricity, heat and telecommunications

Heating systems - ANSWER>>- where natural gas is not available
- usually electricity or propane
- wood, oil and coal not as common

Legal Land Descriptions - ANSWER>>Alberta Townships System
(ATS) - identifies undivided land

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Legal Subdivision Section (Quarter Section) - Section - Township -
Range- Meridian (longitude)

The Plan, Block and Lot (PBL) - identifies subdivided land

Zeroscaping vs Xeriscaping - ANSWER>>Zeroscaping
- mostly hard surfaces, concrete, rock, stone or gravel

Xeriscaping
- uses native and low water demand plants to reduce or
eliminate the need for supplemental water

Alberta Wildlife Act - ANSWER>>- to identify, recover and
protect species at risk

Environmental issues - ANSWER>>indicators
- prior uses of the property
- petroleum or chemical odors
- chemical use on the property
- residue on the soil

ESAR
source of public info
- includes records of environmental site assessments
- approvals, registrations, applications, remediation
certifications, reclamation certifications, enforcement orders
and environmental protection orders

Remediation vs Reclamation - ANSWER>>Remediation
- reducing contamination to a level that does not impair or
damage the environment

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Reclamation
- returning disturbed land to a productive state

GST - ANSWER>>- property sellers are the only ones who can
determine is GST applies to their property
- seller is responsible to collect GST unless seller is a non-
resident of Canada

Conservation Easement - ANSWER>>- allows the alberta
government to designate private lands as protected
- regulated the allowable uses of land
- may restrict certain activities on the land

Telecommunications - ANSWER>>Satellite Internet
- Satellite in orbit, gateway, dish

Final Mile Rural connectivity
- initiative between service alberta and Alberta Agriculture
- brings highspeed internet to unserviced areas
- currently 94% have access to high speed - want 98%

Fixed Wireless
- uses radio waves to connect to internet

Alberta Supernet
- created to connect schools, hospitals ect
- promotes rural economic development + business
opportunities

Alberta 2nd call

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- unregistered underground facilities

Consumer Relationship Guide - ANSWER>>- makes consumers
aware of relationship options available to them
- should be discussed when entering into relationship with
prospective client
- discusses obligations and duties associated with representation
relationship

Transaction brokerage - ANSWER>>when conflicts of interest
arise

Sellers Real Estate Professional - ANSWER>>- doesn't typically
track the cost of advertisements that have been placed on the
property

Documents required to be retained - ANSWER>>- Successful
purchase contracts
- collapsed purchase contracts
- failed offers to purchase
- notices waiving purchase contract conditions

Conditions can be - ANSWER>>Waived
not waived
extended
Fiduciary Representation - ANSWER>>- Trust and confidence
- Best interests
- Loyalty

5 Ds of Role Clarity - ANSWER>>1. Discuss

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