Superior School Chapter 6

Description

Environmental Issues in Real Estate
Larkin Willis
Quiz by Larkin Willis, updated more than 1 year ago
Larkin Willis
Created by Larkin Willis about 3 years ago
23
0

Resource summary

Question 1

Question
In regulations regarding lead-based paints, HUD requires that:
Answer
  • all owners of properties built prior to 1978 test for its presence
  • paint must be removed from surfaces before selling
  • known paint hazards must be disclosed
  • only licensed contractors may engage in removal of any lead-based paint

Question 2

Question
The purpose of CERCLA is:
Answer
  • to create liability and a pool of funds for the cleanup of environmental hazards
  • to regulate the distribution and handling of hazardous materials
  • to inform the public of environmental hazards
  • to regulate the disclosure of environmental hazards in real estate transactions

Question 3

Question
A colorless, odorless gas that emanates from the ground and can build to dangerous toxic levels in homes is called:
Answer
  • asbestos
  • carbon monoxide
  • radon
  • helium

Question 4

Question
A seller has indicated to the listing agent that the heating closet area is lined with asbestos. The seller tells the listing agent that the asbestos was tested and since it was not friable posed no environmental hazard. Which of the following would be an appropriate comment for the listing agent to make to prospective buyers?
Answer
  • There is no dangerous asbestos in this home.
  • The asbestos was tested and poses no danger to anyone who occupies the home.
  • The home has asbestos.
  • I am not aware of any dangerous asbestos in the home.

Question 5

Question
The entity in North Carolina that is responsible for environmental and natural resources is:
Answer
  • NCREC
  • NCDENR
  • Superfund
  • CERCLA

Question 6

Question
All of the following are correct regarding Superfund and CERCLA, EXCEPT:
Answer
  • once a site has been determined to be a Superfund site, the disclosure lasts forever
  • Superfund imposes strict liability
  • current and past owners can be jointly and severally liable
  • only the current owner of a property is liable for its cleanup

Question 7

Question
The federal mandatory 10-day inspection period for lead-based paint in pre-1978 residences applies to: I. properties for sale or exchange II. properties for rent or lease
Answer
  • I only
  • II only
  • Both I and II
  • Neither I nor II

Question 8

Question
Asbestos is most dangerous to consumers and homeowners when:
Answer
  • it is wet
  • it is not friable
  • it is moved or relocated
  • it is encapsulated

Question 9

Question
What is the best way to correct the possible problems that a home may experience in regard to the buildup of radon gas?
Answer
  • ventilation
  • removal of the soil
  • increasing the amount of the home's insulation
  • radon cannot be remediated once it is present

Question 10

Question
Under federal law, the mandatory inspection period regarding lead-based paint is:
Answer
  • 3 days
  • 5 days
  • 10 days
  • 15 days

Question 11

Question
The process of covering a dump site with soil is known as:
Answer
  • capping
  • encapsulation
  • backfilling
  • restructuring

Question 12

Question
How is the human body affected by exposure to lead-based paint?
Answer
  • it develops cancer
  • it causes brain damage
  • it causes leukemia
  • it causes mesothelioma

Question 13

Question
The disease created by the breathing in of friable asbestos fibers is:
Answer
  • mesothelioma
  • brain damage
  • kidney damage
  • heart disease

Question 14

Question
The Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) contains all of the following provisions, EXCEPT:
Answer
  • the ACT created a national database of hazardous waste sites
  • the ACT created joint and several liability for all current and past owners of the property
  • the ACT imposes strict liability for a property owner
  • the ACT requires mandatory inspections for hazardous waste prior to any transfer or purchase of the property

Question 15

Question
Properties built prior to 1978 require a lead based paint disclosure at the time of sale or rental of the property. All of the following are true regarding lead based paint and its disclosure, EXCEPT:
Answer
  • the buyer has 10 days within which to conduct any inspections for lead based paint.
  • the disclosure form must be completed by the seller and signed by both the seller and the buyer.
  • the disclosure is to be accompanied with a brochure on the dangers of lead based paint.
  • a lead based paint test is mandatory and sellers are required to remediate for any lead based paint dangers.

Question 16

Question
When a hazardous waste site or landfill has been topped off with 3-4 feet of soil this is a process called:
Answer
  • reclamation
  • wildcat dumping
  • capping
  • CERCLA contamination

Question 17

Question
Radon is found across the country. According to the EPA, which of the following is correct?
Answer
  • Radon is created by manufactured insulation materials used prior to 1978.
  • Ventilation of the home cannot solve a problem with radon.
  • Radon is produced by uranium deposits found underground.
  • Radon can be detected by the rotten egg odor of the gas that is produced.

Question 18

Question
Environmental issues in North Carolina are regulated and administered by:
Answer
  • The North Carolina Development Council (NCDC)
  • The North Carolina Continuing Management Agency (CAMA)
  • The North Carolina Department of Environmental & Natural Resources (NCDENR)
  • The North Carolina Environmental Protection Agency (NCEPA)
Show full summary Hide full summary

Similar

Real Estate Exam 1
lossingraham
Contracts (Pennsylvania Real Estate ch. 9)
Laila Enchante
Midterm 1
nvelazco
PROPERTY - Chapter 1
cfran51821
6A.REAL ESTATE CLOSINGS
Brigita Safyra
RIGHTS - Chapter 2
cfran51821
Chapter 14 PA Real Estate flashcards
Laila Enchante
Co-Ownership
Ravneet Bola
Week I Cue Cards
dylan_earl
REF: Residential
Metta Lee
LA1104 week 8
Megan Mackie