RECA RESIDENTIAL EXAM PRACTICE
ACTUAL EXAM PAPER 2026 FULL 200
QUESTIONS AND DETAILED SOLUTIONS
⩥ 5 Ds of Role Clarity. Answer: 1. Discuss
2. Determine
3. Document
4. Disclose
5. Do
⩥ Must disclose in writing. Answer: - 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.
Answer: 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. Answer: - Federal legislation
⩥ PIPA. Answer: Alberta's legislation, how private organizations use and
disclose personal information.
⩥ Power of Attorney. Answer: 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. Answer: 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 care
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. Answer: Court ordered sale usually as a way to resolve
legal matters
- primary debt recovery method for default mortgages
, ⩥ Foreclosure. Answer: 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. Answer: Legislation that establishes technical
specifications for new building construction and construction materials
⩥ Building Permit. Answer: typically valid for one year during which
construction process must be initiated
⩥ Factory Built Construction. Answer: 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
ACTUAL EXAM PAPER 2026 FULL 200
QUESTIONS AND DETAILED SOLUTIONS
⩥ 5 Ds of Role Clarity. Answer: 1. Discuss
2. Determine
3. Document
4. Disclose
5. Do
⩥ Must disclose in writing. Answer: - 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.
Answer: 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. Answer: - Federal legislation
⩥ PIPA. Answer: Alberta's legislation, how private organizations use and
disclose personal information.
⩥ Power of Attorney. Answer: 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. Answer: 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 care
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. Answer: Court ordered sale usually as a way to resolve
legal matters
- primary debt recovery method for default mortgages
, ⩥ Foreclosure. Answer: 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. Answer: Legislation that establishes technical
specifications for new building construction and construction materials
⩥ Building Permit. Answer: typically valid for one year during which
construction process must be initiated
⩥ Factory Built Construction. Answer: 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
