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RECA Residential Exam | Questions & Expertly Verified Answers (Newest Update 2025 | 2026.

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RECA Residential Exam | Questions & Expertly Verified Answers (Newest Update 2025 | 2026. Quiz_________________? 5 C's of Borrower Credit - Answers Character, Capital, Capacity, Collateral, Credit Quiz_________________? 5 Ds of Role Clarity - Answers 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Quiz_________________? Abandoned wells - Answers - physical threat - allowing surface runoff to directly enter an aquifer - permitting cross contamination of different aquifers by a well bore can tell that its running dry - air bubbles in waterline - no water flow - water outages after heavy use - pump does not produce as much water as it used to - pump runs for long time before shutting off - low water pressure - sediment in water making it appear muddy Quiz_________________? Alberta Building Code - Answers Legislation that establishes technical specifications for new building construction and construction materials Quiz_________________? Alberta Safety Codes Act - Answers provincial legislation that sets specifications for new building. Quiz_________________? Alberta Wildlife Act - Answers - to identify, recover and protect species at risk Quiz_________________? Alternative energy sources - Answers - solar panels - wind energy - solar shingles - geothermal energy systems Quiz_________________? Borrower vs Lender - Answers Borrower obligations - repay mortgage and loan interest - keep property adequately insured - maintain the condition of the property - pay any charges against the title Rights - possession of property - redeem or further mortgage the property - receive a discharge of the mortgage Lender Obligations - discharge the mortgage upon payment - Not interfere with borrowers use of property - Provide annual statement of principal, interest and taxes Rights - assign the mortgage - be paid under terms of mortgage Quiz_________________? Building Floors - Answers 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.

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& Expertly Verified Answers



Quiz_________________?

5 C's of Borrower Credit -

Answers✅

Character, Capital, Capacity, Collateral, Credit




Quiz_________________?

5 Ds of Role Clarity -

Answers✅

1. Discuss

2. Determine

3. Document

4. Disclose

5. Do




Quiz_________________?

Abandoned wells -

Answers✅

- physical threat

- allowing surface runoff to directly enter an aquifer


1

, - permitting cross contamination of different aquifers by a well bore



can tell that its running dry

- air bubbles in waterline

- no water flow

- water outages after heavy use

- pump does not produce as much water as it used to

- pump runs for long time before shutting off

- low water pressure

- sediment in water making it appear muddy




Quiz_________________?

Alberta Building Code -

Answers✅

Legislation that establishes technical specifications for new building construction and
construction materials




Quiz_________________?

Alberta Safety Codes Act -

Answers✅

provincial legislation that sets specifications for new building.




Quiz_________________?

Alberta Wildlife Act -

Answers✅

- to identify, recover and protect species at risk


2

, Quiz_________________?

Alternative energy sources -

Answers✅

- solar panels

- wind energy

- solar shingles

- geothermal energy systems




Quiz_________________?

Borrower vs Lender -

Answers✅

Borrower obligations

- repay mortgage and loan interest

- keep property adequately insured

- maintain the condition of the property

- pay any charges against the title



Rights

- possession of property

- redeem or further mortgage the property

- receive a discharge of the mortgage



Lender Obligations

- discharge the mortgage upon payment

- Not interfere with borrowers use of property

- Provide annual statement of principal, interest and taxes

3

, Rights

- assign the mortgage

- be paid under terms of mortgage




Quiz_________________?

Building Floors -

Answers✅

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.




Quiz_________________?

Building Permit -

Answers✅

typically valid for one year during which construction process must be initiated




Quiz_________________?

CADS -

Answers✅

document used to register encumbrances, financial obligations, and pending litigations

- includes legal description, name of condo corp and address, number of units, registered
bylaws, any financial obligations



found on SPIN2



4

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