RECA Residential Exam Test Questions And
Answers Verified 100% Correct
Property Inspections - ANSWER an examination of various building systems in order to
provide an opinion
Should include
- current conditions of all items inspected by the property
- Inspected items listed as unsafe or requires repairs
- preventative measures needed to remedy or extend life of inspected items
- do not look at building permits
Home inspection business regulation
Environmental Risks - ANSWER - are situations in which a property and/or its
occupants are exposed to danger
- only limited exposure is possibly before irreparable damage
- becomes risk only if a conduit to facilitate the transaction is present
Environmental Hazard
- could cause harm to health or safety with exposure
RMS - ANSWER Detached house - measure from exterior wall at
foundation
Attached/semi attached - measure from interior walls at
floor level.
Exclude any floors where portion is below
grade.
include anything above grade + any additions if they have
permanent
foundation/footings, connected to main electrical, heated by main heating or
has its own
5 ft ceiling height may be included as long as 7ft is somewhere
stairs are added to level they lead to
Correlation between property size and price - ANSWER - not proportional, many other
,factors.
- no direct correlation
Measurement tips - ANSWER interior measurements are used to extrapolate exterior
measurements - when exterior is inaccessible
extrapolated measurements should be included as additional measurements
Professionals Sanctions - ANSWER Advisory Note - measures property but makes
mistake (math error, data entry error) - not technically a sanction
Letter of Reprimand - measures property but makes error (failing to maintain diagram,
failing to use correct methods, not discussing RMS with client, measuring outside of
knowledge)
Administrative Penalties - fails to measure or disregards process (not measuring
properly, disregarding advice, choosing to not discuss with client)
Property Defects - ANSWER Patent Defects - obvious flaws discovered upon
reasonable inspection. Buyer is responsible to discover and makes steps to satisfy.
Latent Defects - not known to the seller or buyer at time of sale. Physical deficiencies
that are not dangerous. Liability is an issue - common law doctrine of Caveat Emptor
(buyer beware - protect own interests)
Material Latent Defects - not visible upon ordinary inspection. Affects use or value.
Seller must disclose
- sellers may decide whether or not to disclose if has been remedied
Flooding - ANSWER Floodways - deepest fastest, highest risk (red)
Flood Fringes - shallower, slower (pink)
Found on flood hazard map
Disaster Recovery Program - provides funding for uninsured property damage. registers
on property title, can only qualify every 100 years.
- administered by Alberta Municipal Affairs
Secondary Suites - ANSWER Not usually permitted in duplexes, semi-detached or
attached.
- must have seperate entrance with direct access to outside
- at least one window in each bedroom
- fire protection between suite and dwelloing
, - interconnected smoke alarm, carbon monoxide
- enclosed furnace room
- independent heating, ventilation and electrical
Property Inspectors - ANSWER exclude alarm system, smoke alarm, sprinkler,
telephone, wood burning, underground items, outbuildings
Land Use - urban population growth - ANSWER Subdivision - division of larger lot into
two or more smaller lots
Intensification- change in intensity of use within the same land use classification.
involves development of higher occupancy than what currently exists.
Assmblage - involves purchase of continuous lots to create a larger single lot.
Densification - increased concentration of residents, increase in the maximum allowable
occupants. usually involves land use change
Types of Estates in Land - on certificate of title - ANSWER Fee Simple(freehold
ownership) - highest form of ownership with the most rights. closest to absolute
ownership. owns property until they sell it or pass away, can control who inherits
through the will.
Leasehold - right to exclusive use of property for set period of time. may obtain
leasehold title if more than three years.
Life Estate - right to exclusive possession for period of time (typically lifetime). after land
reverts to fee simple or to assignee. Dower Act applies
Types of Ownerships/rights - found on certificate of title - ANSWER Sole ownership -
only one name appears, Dower Act may apply (creates interest for unnamed spouse)
can prevent disposal of property by spouse.
Joint Tenancy - equal interest, interest passes down to surviving owners upon death. All
receive interests at the same time, obtain titles from same document, all have same
interest, undivided interest.
Tenancy in Common - equal or unequal shares. no right of survivorship (can give to
anyone), ownership can be sold, all tenants must agree to dispose
Caveats - ANSWER - notice by another party claiming an interest in the land
- may prevent the transfer of land to a new owner
- the land titles office must provide notice of the caveat to the registered owners
Answers Verified 100% Correct
Property Inspections - ANSWER an examination of various building systems in order to
provide an opinion
Should include
- current conditions of all items inspected by the property
- Inspected items listed as unsafe or requires repairs
- preventative measures needed to remedy or extend life of inspected items
- do not look at building permits
Home inspection business regulation
Environmental Risks - ANSWER - are situations in which a property and/or its
occupants are exposed to danger
- only limited exposure is possibly before irreparable damage
- becomes risk only if a conduit to facilitate the transaction is present
Environmental Hazard
- could cause harm to health or safety with exposure
RMS - ANSWER Detached house - measure from exterior wall at
foundation
Attached/semi attached - measure from interior walls at
floor level.
Exclude any floors where portion is below
grade.
include anything above grade + any additions if they have
permanent
foundation/footings, connected to main electrical, heated by main heating or
has its own
5 ft ceiling height may be included as long as 7ft is somewhere
stairs are added to level they lead to
Correlation between property size and price - ANSWER - not proportional, many other
,factors.
- no direct correlation
Measurement tips - ANSWER interior measurements are used to extrapolate exterior
measurements - when exterior is inaccessible
extrapolated measurements should be included as additional measurements
Professionals Sanctions - ANSWER Advisory Note - measures property but makes
mistake (math error, data entry error) - not technically a sanction
Letter of Reprimand - measures property but makes error (failing to maintain diagram,
failing to use correct methods, not discussing RMS with client, measuring outside of
knowledge)
Administrative Penalties - fails to measure or disregards process (not measuring
properly, disregarding advice, choosing to not discuss with client)
Property Defects - ANSWER Patent Defects - obvious flaws discovered upon
reasonable inspection. Buyer is responsible to discover and makes steps to satisfy.
Latent Defects - not known to the seller or buyer at time of sale. Physical deficiencies
that are not dangerous. Liability is an issue - common law doctrine of Caveat Emptor
(buyer beware - protect own interests)
Material Latent Defects - not visible upon ordinary inspection. Affects use or value.
Seller must disclose
- sellers may decide whether or not to disclose if has been remedied
Flooding - ANSWER Floodways - deepest fastest, highest risk (red)
Flood Fringes - shallower, slower (pink)
Found on flood hazard map
Disaster Recovery Program - provides funding for uninsured property damage. registers
on property title, can only qualify every 100 years.
- administered by Alberta Municipal Affairs
Secondary Suites - ANSWER Not usually permitted in duplexes, semi-detached or
attached.
- must have seperate entrance with direct access to outside
- at least one window in each bedroom
- fire protection between suite and dwelloing
, - interconnected smoke alarm, carbon monoxide
- enclosed furnace room
- independent heating, ventilation and electrical
Property Inspectors - ANSWER exclude alarm system, smoke alarm, sprinkler,
telephone, wood burning, underground items, outbuildings
Land Use - urban population growth - ANSWER Subdivision - division of larger lot into
two or more smaller lots
Intensification- change in intensity of use within the same land use classification.
involves development of higher occupancy than what currently exists.
Assmblage - involves purchase of continuous lots to create a larger single lot.
Densification - increased concentration of residents, increase in the maximum allowable
occupants. usually involves land use change
Types of Estates in Land - on certificate of title - ANSWER Fee Simple(freehold
ownership) - highest form of ownership with the most rights. closest to absolute
ownership. owns property until they sell it or pass away, can control who inherits
through the will.
Leasehold - right to exclusive use of property for set period of time. may obtain
leasehold title if more than three years.
Life Estate - right to exclusive possession for period of time (typically lifetime). after land
reverts to fee simple or to assignee. Dower Act applies
Types of Ownerships/rights - found on certificate of title - ANSWER Sole ownership -
only one name appears, Dower Act may apply (creates interest for unnamed spouse)
can prevent disposal of property by spouse.
Joint Tenancy - equal interest, interest passes down to surviving owners upon death. All
receive interests at the same time, obtain titles from same document, all have same
interest, undivided interest.
Tenancy in Common - equal or unequal shares. no right of survivorship (can give to
anyone), ownership can be sold, all tenants must agree to dispose
Caveats - ANSWER - notice by another party claiming an interest in the land
- may prevent the transfer of land to a new owner
- the land titles office must provide notice of the caveat to the registered owners
