RECA Residential Exam Q&As
(Verified Answers) 2026
Fiduciary Representation - correct answer ✅ - Trust and confidence
- Best interests
- Loyalty
5 Ds of Role Clarity - correct answer ✅
1. Discuss
2. Determine
3. Document
4. Disclose
5. Do
Must disclose in writing - correct 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
answer ✅
Written Service Agreement vs Customer Acknowledgement Forms - correct
Written Service Agreement
- when consumer chooses a representation relationship
- becomes a client
- provide signed copy to brokerage
,RECA Residential Exam Q&As
(Verified Answers) 2026
Customer Acknowledge forms
- non-representation relationship
- becomes a customer
- provide signed copy to brokerage
PIPEDA - correct answer ✅ - Federal legislation
PIPA - correct answer ✅ Alberta's legislation, how private organizations use and
disclose personal information.
Power of Attorney - correct answer
act on your behalf
✅ a legal document authorizing someone to
- 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 - correct 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
,RECA Residential Exam Q&As
(Verified Answers) 2026
- 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 - correct answer
legal matters
✅ Court ordered sale usually as a way to resolve
- primary debt recovery method for default mortgages
Foreclosure - correct answer
default on the mortgage.
✅legal action supervised by the court following a
-transfers the real property from the borrower to the lender and erases interests
on title.
, RECA Residential Exam Q&As
(Verified Answers) 2026
Alberta Building Code - correct answer ✅ Legislation that establishes technical
specifications for new building construction and construction materials
Building Permit - correct answer ✅ typically valid for one year during which
construction process must be initiated
Factory Built Construction - correct 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
Panelized construction
- creation of pre-fabricated wall, floor or roof panels
- panels may be completed fully or partially
- may consist of just the frame or fully complete with windows and siding
Alberta Safety Codes Act - correct answer
specifications for new building.
✅ provincial legislation that sets
(Verified Answers) 2026
Fiduciary Representation - correct answer ✅ - Trust and confidence
- Best interests
- Loyalty
5 Ds of Role Clarity - correct answer ✅
1. Discuss
2. Determine
3. Document
4. Disclose
5. Do
Must disclose in writing - correct 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
answer ✅
Written Service Agreement vs Customer Acknowledgement Forms - correct
Written Service Agreement
- when consumer chooses a representation relationship
- becomes a client
- provide signed copy to brokerage
,RECA Residential Exam Q&As
(Verified Answers) 2026
Customer Acknowledge forms
- non-representation relationship
- becomes a customer
- provide signed copy to brokerage
PIPEDA - correct answer ✅ - Federal legislation
PIPA - correct answer ✅ Alberta's legislation, how private organizations use and
disclose personal information.
Power of Attorney - correct answer
act on your behalf
✅ a legal document authorizing someone to
- 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 - correct 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
,RECA Residential Exam Q&As
(Verified Answers) 2026
- 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 - correct answer
legal matters
✅ Court ordered sale usually as a way to resolve
- primary debt recovery method for default mortgages
Foreclosure - correct answer
default on the mortgage.
✅legal action supervised by the court following a
-transfers the real property from the borrower to the lender and erases interests
on title.
, RECA Residential Exam Q&As
(Verified Answers) 2026
Alberta Building Code - correct answer ✅ Legislation that establishes technical
specifications for new building construction and construction materials
Building Permit - correct answer ✅ typically valid for one year during which
construction process must be initiated
Factory Built Construction - correct 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
Panelized construction
- creation of pre-fabricated wall, floor or roof panels
- panels may be completed fully or partially
- may consist of just the frame or fully complete with windows and siding
Alberta Safety Codes Act - correct answer
specifications for new building.
✅ provincial legislation that sets
