RECA RESIDENTIAL EXAM -

RECA RESIDENTIAL EXAM -

EXAM 200 QUESTIONS AND DETAILED

ANSWERS|AGRADE

Trustee - ANSWER- Legally appointed person to hold assets for benefits of one or more persons. Trust agreements set out terms of trustee's powers and duties.

Executors - ANSWER- Person who receives title of property when owner of the property is deceased.

Development permits - ANSWER- -Used for new subdivisions.-Authorizes location, size and use of building.

Building permits - ANSWER- -Used for new residential buildings.-Valid for one year in which building must proceed.-ABC establishes technical specifications for new buildings.

Occupancy permits - ANSWER- -Used for new residential buildings. Builder must secure permit before residence is approved for occupation by purchaser.

Subsequent building permits - ANSWER- -Used to change existing buildings.-Required for new additions, demo or relocation, Major alterations or renovation, supplemental structure.

Concepts of residential construction - ANSWER- -Technology -Sustainability -Accessibility -Adaptability

Technology - ANSWER- -the process of implementing single application to operate multiple functions of a property

Sustainability - ANSWER- -Use and recycling of materials used in construction

Accessibility - ANSWER- -Individuals ability to access a building, move

within and independence without barriers. IE Ramps, lifts elevators.

Adaptability - ANSWER- -How easy it is to change a home to meet a client's need, ie a home to grow old in.

Developer warranty programs - ANSWER- -1 year warranty on materials/workmanship used to construct residence, begins when buyer takes possession.

Extended warranty programs - ANSWER- -In conjunction with builder's warranty, provides 10-year protection against structural defects.

Manufactured construction - ANSWER- -3 sections almost complete (up to 95%) -Minimal time required to join and complete sections.

Modular construction - ANSWER- -Three-dimensional, combined to create cohesive building.-85% complete, few weeks to fully develop.

Panelized construction - ANSWER- -Prefabricated wall, floor or roof panel.-Partial wall panel is framing sheathing.-Completed wall panel include windows and or siding.

Building substructure - ANSWER- Below grade construction of foundation.

Building superstructure - ANSWER- Above grade construction of building.-Envelope, service systems, interior building features.

Building envelope - ANSWER- -Everything that encloses structure and protects from elements.-Roof, exterior walls, windows, exterior doors and interior walls.

Interior building features - ANSWER- -Interior finishes that complete interior.-Interior walls, features, finishes, fixtures, lighting, floor, ceiling, kitchen/bathroom cabinets.

Building service systems - ANSWER- Essential services, connected to applicable municipal services

-Heat, electricity, water

Building lot - ANSWER- Lot grading, landscaping and other exterior components.-Landscaping, walkways, driveway, fences.

Poured concrete - ANSWER- Cement, gravel, aggregate and sand. Poured from mix trucks into large foundation molds known as forms.-Strengthened by reinforced steel bars (rebar)

Cement block - ANSWER- Poured concrete, cement, gravel aggregate and sand. Fills blocks that are hollow but filled with mortar and reinforced with rebar.

Preserved wood - ANSWER- Load bearing walls built with treated lumber and sheathed with treated plywood.-Wood used is treated with preservative chemicals to prevent decay and layered with mortar.-Requires certification before usage.

Damp proofing - ANSWER- Asphalt-based film or coating applied to below grade exterior of foundation walls during construction process.-Reduces passage of water vapor into foundation walls

Waterproofing - ANSWER- Seamless membrane or spray is applied to exterior of foundation walls. Alternatively, compound can be added to concrete foundation mixture.-Prevents water vapor and liquid water from penetrating foundation walls.

Subsurface drainage: Drain tiles - ANSWER- Perforated piping surrounded

by aggregate rock, placed along foundation footings or beneath concrete slab.-AKA weeping tile, directs water to municipal storm sewer system or to sump pit containing sump pump.

Subsurface drainage: Sump pump - ANSWER- Lined hole of shaft, two feet

in diameter. Draws water away from foundation and redirects it to municipal storm water system or rock pit (rural).

P ow ered by TC P D F (w w w .tcpdf .or g) Self regulation -General obligation

-Care & Skill -Act honestly -Negotiate favorable terms -Maintain confidentiality -Disclose information -Act in person -Obey lawful instructions -Perform mandate

Brokerage interests Interest of brokerage at odds with brokerage client

Fiduciary duties -Utmost loyalty -Not to make secret profits -Maintain confidentiality -To account -Avoid and disclose conflicts of interest

Competing interests Interest of brokerage clients compete in a transaction or potential transaction

Opposing interests Interest of brokerage clients oppose in the same transaction or potential transaction

Standard of care -Professional standards -Professional norms/practices -Expert testimony -Benefits of role clarity/consistency -Meeting regulatory requirements -Enhances professionalism -Prevents unintended relationships -Clarifies responsibilities and services to consumers -Reduces disputes