PRRE - Unit 3: Property Measurements

Question 1

RMS does NOT apply to (3):

Answer 1

1) Non-residential buildings
2) Property transactions that don’t involve a realtor
3) Properties sold directly by builders

Question 2

All properties are measured from exterior at the foundation EXCEPT for _________ which is measured from interior paint-to-paint

Answer 2

Apartment style condos

Question 3

For inclusion in the RMS measurements, the property must have a minimum floor-to-ceiling height of ___ feet. When the ceiling is sloped, the area with a floor-to-ceiling height of at least ___ feet may be included in the RMS calculation, provided there is a ceiling height of ___ feet somewhere in the room

Answer 3

7
5
7

Question 4

Building extensions like bay windows are only included in RMS if they are at least ____ feet floor-to-celing height

Answer 4

5

Question 5

RMS measurements are only included for additions / conversions that…

Answer 5

• is permanent and has a foundation or footings
• is connected permanently to the main electrical service
• is heated by the main heating system or it has its own permanent heating system (at least 22° year round)

Question 6

On floor plans, the colours Blue, White and Grey represent what?

Answer 6

Blue: Above-grade areas
White: Area under roof / attic
Grey: Below-grade areas

Question 7

Just inside the entrance to a ________ there is a half flight of stairs going up to the main level and a half flight of stairs going down the lower level.

Answer 7

Bi-level

Question 8

_________ has all living space on the main floor, but the entrance to the front door is generally a bit higher up, requiring exterior stairs to reach, providing more sun into the basement

Answer 8

Raised Bungalow

Question 9

__________ is a property with all living space on main floor, but separated from it’s neighbour by a common wall

Answer 9

Villa Bungalow

Question 10

The ________ has a highly pitched gable roof with dormer windows, which are distinctive features of this style.

Answer 10

1 ½ Storey

Question 11

The purpose of the _________________ is to provide positive, constructive assistance to real estate brokers with respect to accounting and legislative requirements

Answer 11

Trust Assurance and Practice Review Program

Question 12

RECA penalties for misconduct may include:

Answer 12

• Issue an Advisory Note
• Issue a Letter of Reprimand
• Issue an Administrative Penalty (1-5K)
• Refer the matter to a Hearing Panel