Exam (elaborations)
RECA Residential Exam Questions and Correct Answers the Latest Update
- Course
- Institution
RECA Residential Exam Questions and Correct Answers the Latest Update
[Show more]
Seller
Follow
Content preview
#Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |#ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport
RECA Residential Exam Questions
and Correct Answers the Latest
Update
Fiduciary Representation
✓ - Trust and confidence
✓ - Best interests
✓ - Loyalty
5 Ds of Role Clarity
✓ 1. Discuss
✓ 2. Determine
✓ 3. Document
✓ 4. Disclose
✓ 5. Do
Must disclose in writing
✓ - 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
Examify | Smart Grades | Latest update
,#Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |
#ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport
✓ 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
✓ - Federal legislation
PIPA
✓ Alberta's legislation, how private organizations use and disclose personal information.
Power of Attorney
✓ 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
Examify | Smart Grades | Latest update
,#Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |
#ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport
✓ 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
✓ Court ordered sale usually as a way to resolve legal matters
✓ - primary debt recovery method for default mortgages
Foreclosure
✓ 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
Examify | Smart Grades | Latest update
, #Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |
#ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport
✓ Legislation that establishes technical specifications for new building construction and
construction materials
Building Permit
✓ typically valid for one year during which construction process must be initiated
Factory Built Construction
✓ 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
✓ provincial legislation that sets specifications for new building.
Components of Construction
Examify | Smart Grades | Latest update
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Examify. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now