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NEWEST RECA RESIDENTIAL EXAM COMPLETE ACTUAL EXAM REAL QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+ (BRAND NEW!!)$18.49
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NEWEST RECA RESIDENTIAL EXAM COMPLETE ACTUAL EXAM REAL QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+ (BRAND NEW!!)
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Course
NEWEST RECA RESIDENTIAL
Institution
NEWEST RECA RESIDENTIAL
NEWEST RECA RESIDENTIAL EXAM COMPLETE ACTUAL EXAM REAL QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) A NEW UPDATED VERSION |ALREADY GRADED A+ (BRAND NEW!!)
NEWEST RECA RESIDENTIAL EXAM 2024-2025
COMPLETE ACTUAL EXAM REAL QUESTIONS AND
WELL ELABORATED ANSWERS (100% CORRECT
VERIFIED ANSWERS) A NEW UPDATED VERSION
|ALREADY GRADED A+ (BRAND NEW!!)
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
Panelized construction
- creation of pre-fabricated wall, floor or roof panels
- panels may be completed fully or partially
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