RECA Residential Exam | Latest 2023/ 2024 | Guide with Verified and Detailed Answers|100% Correct
QUESTION
Property inspection report aspects:?
An... [Show More] swer:
-Current condition of inspected items
-Inspected items that are deemed unsafe or require repair or replacement.
-Estimation of approximate replacements/repairs are needed.
-Preventative measures to remedy current issues/extend life of inspected items.
*should never include estimates or quotes for repairs, replacements or improvements.
QUESTION
Property inspection inclusions?
Answer:
-Roof
-walls, floors
-Insulation
-Windows/doors
-Foundation
-Exterior
-Heating/ventilation/AC
-Plumbing/electrical
-Interior
-Asbestos/mould
QUESTION
Property inspection exclusions?
Answer:
-Alarm/smoke systems
-Wood burning appliances
-Sprinkler/pool/spas
-Underground items (IE storage)
-Decorative items
-Telephone/ other cables
-Outbuildings (things not attached to main building).
QUESTION
Environmental site assessments (ESA)?
Answer:
Determines if property is contaminated, level of contamination and how it is to be remediated.
QUESTION
ESA Phase 1?
Answer:
Determine through inquiry if contamination exists on property.
QUESTION
ESA Phase 2?
Answer:
Testing to confirm contamination, if contaminated, further testing to identify level of contamination.
QUESTION
ESA Phase 3?
Answer:
Any further testing to deal with any outstanding issues, determination of remediation options, and development of remediation plan.
-Carrying out remediation plan is not a part of ESA P3.
QUESTION
RMS Principles?
Answer:
-RE agents must use it.
-Identify measurement system, use consistently.
-For single detached, measure exterior wall at foundation.
-Semi-attached, measure interior perimeter walls (paint to paint) at floor level. Additional area assumed with exterior measurements.
-Include floor levels entirely above grade, exclude floor levels below floor grade. Below grade may be measured but must not be included.
-Include all additions above grade areas within structure, must be weatherproof and suitable for year-round use.
QUESTION
RMS Principles continued.?
Answer:
-Minimum floor-to-ceiling height of 2.13 meters (7ft).
-When ceiling sloped, area with floor-to-ceiling of at least 1.52 meters (5ft) may be included as long as there is 2.13 meters(7ft) in the same room.
-Include extensions from main structure with minimum floor-to-ceiling of 1.52 meters(5ft), cantilevers, bay/bow/dormer windows.
-Exclude open areas that have no floor, vaulted areas.
-Additional areas can be included as long as they are: Permanent, connected to main electrical, and has main heating or self that can maintain 22 degrees year round.
-Box window can be included if it is 1.52 meters(5ft).
QUESTION
RMS: Detached properties.?
Answer:
-Take exterior measurements at foundation.
-Extrapolate exterior measurements from interior when foundation is inaccessible.
-Take interior measurements at floor level.
QUESTION
Permitted additional property measurements:?
Answer:
-Below grade areas.
-Area of structures not connected to property.
-Area of structures connected but do not meet year-round requirements.
-Attached properties: assumed exterior size.
QUESTION
Condominium units: RMS?
Answer:
-Registered size not to be used as RMS.
-Use standard RMS measurement practices.
QUESTION
RMS & client.?
Answer:
-Retain measurements, calculations, notes, and date to be reported to brokerage.
-Retain measurement report if a qualified professional does RMS, submit to brokerage.
-Check measurements are up to standards and accurate/error free.
QUESTION
Patent defects?
Answer:
-Obvious flaw discovered upon reasonable inspection.
Minor: Broken window pane, damage to entry walkway, cracks in cement etc.
Material: Roof re-shingling, large windows broken seals.
-Caveat emptor applies "Buyer beware" buyer is responsible to see suitability to their needs. [Show Less]
