Chapter 3

Question 1 of 20

1

Under the federal Lead-Based Paint Hazard Reduction Act, which statement is true?

Select one of the following:

All residential housing built before 1978 must be tested for the presence of lead based paint before being listed for sale or rent
A disclosure statement must be attached to all sales contracts and leases involving properties built before 1978
A lead hazard pamphlet must be distributed to all prospective buyers, but not to tenants.
Purchasers of housing built before 1978 must be given five days to test the property for the presence of lead-based paint

Explanation

Question 2 of 20

1

What do UFFI, lead-based paint, and asbestos have in common?

Select one of the following:

All pose a risk to humans because they may emit harmful gases
All were banned in 1978
All three were used in insulating materials
All were used in residential housing built in the 1970's

Explanation

Question 3 of 20

1

The law that contains the broadest liabilities for the environmental cleanup is the

Select one of the following:

CERCLA
Resource Conservation and Recovery Act
Clean Air Act
Occupational Hazard Administration Act

Explanation

Question 4 of 20

1

Which people do not have liability under the environmental law?

Select one of the following:

Real estate licensees selling property
Mortgage lenders
Real estate educators
Appraisers

Explanation

Question 5 of 20

1

When attempting to discover environmental hazards in real estate transactions, licensees can do several things to minimize their professional liability. Which of the following is not advisable?

Select one of the following:

Using licensed environmental inspectors
Using environmental inspectors
Conducting their own environmental inspections
Encouraging buyers to have professional inspections conducted

Explanation

Question 6 of 20

1

The Residential Lead-Based Paint Hazard Reduction Act requires

Select one of the following:

the seller or the seller's agent to distribute a federal lead hazard pamphlet
the seller to remove any known lead paint
the buyer to purchase the property after inspections are performed
a lead warning statement to be included in a listing agreement

Explanation

Question 7 of 20

1

The most common sources of lead poisoning in a home are

Select one of the following:

auto emissions
paint and plumbing
flooring and insulation
refrigeration equipment

Explanation

Question 8 of 20

1

Which of the following is true regarding asbestos?

Select one of the following:

All asbestos-containing materials must be removed in all commercial buildings
Asbestos causes a health problem only when ingested
The level of asbestos in a building is affected by weather conditions
The removal of asbestos can further contaminate a building

Explanation

Question 9 of 20

1

Among the most common sources of carbon monoxide in a house

Select one of the following:

are malfunctioning air conditioners
is crumbling insulation
are leaking heating fuel tanks
are malfunctioning furnaces

Explanation

Question 10 of 20

1

Which of the following is true about radon?

Select one of the following:

It can be reduced in a building with proper ventilation
It is commonly found in building materials
It is easy to detect because of its odor
It is commonly found around landfills

Explanation

Question 11 of 20

1

Which of the following can protect a buyer from unexpected environmental problems after closing?

Select one of the following:

Environmental impact statement
Environmental site assessment
Seller property disclosure statement
Assurances from real estate licensees

Explanation

Question 12 of 20

1

The most important step involved in managing the risk of environmental hazards is to

Select one of the following:

cancel any listing with a potential environmental hazard
purchase an umbrella coverage insurance policy
gather and disseminate authoritative information
have the seller sign a hold-harmless letter

Explanation

Question 13 of 20

1

What environmental problem is often the cause of the decline of urban values?

Select one of the following:

Lead-based paint
Underground storage values
Adhesives in pressed wood
Brownfields

Explanation

Question 14 of 20

1

The purpose of the laws concerning asbestos is to

Select one of the following:

require that it be removed from public buildings immediately
regulate its removal from apartment buildings with fewer than ten units
minimize the release of asbestos fibers during construction and removal
fine owners of buildings containing the mineral

Explanation

Question 15 of 20

1

A colorless, odorless gas that is significant health hazard that occurs as a natural byproduct of combustion is

Select one of the following:

ethanol
oxygen
hydrochloric acid
carbon monoxide

Explanation

Question 16 of 20

1

The term encapsulation refers to the

Select one of the following:

process of sealing a landfill with three to four feet of topsoil
way in which insulation is applied to pipes and wiring systems
method of sealing disintegrating asbestos
way in which lead-based paint particles become airborne

Explanation

Question 17 of 20

1

Which of the following describes the process of creating a landfill site?

Select one of the following:

Waste is liquefied, treated, and pumped through pipes to tombs under the water table
Waste and topsoil are layered in a pit, mounded up, and then covered with dirt and plants
Waste is compacted and sealed in a container, then placed in a tomb designed to last several thousand years
Waste is buried in an underground concrete vault

Explanation

Question 18 of 20

1

Where is urea-formaldehyde most often found in residential properties?

Select one of the following:

Lead-based paint
Off-gassing from pressed wood adhesives
Kitchen appliances
Furnace filters

Explanation

Question 19 of 20

1

Contamination from underground storage tanks (USTs) is

Select one of the following:

found only in petroleum stations
addressed by EPA regulations
only caused by tanks currently in use
easily detected and eliminated

Explanation

Question 20 of 20

1

CERCLA regulations for administration of the Superfund, which helps pay for cleanup of uncontrolled hazardous waste sites,

Select one of the following:

include listed exemptions from responsibility for those sites that contaminate neighboring properties
release from liability those owners of contaminated property who did not actually cause the contamination
make no provision for recovering Superfund expenses incurred in cleanup operations
impose strict, joint and several, and retroactive liability on potentially responsible parties

	Created by Ryan Fryer almost 9 years ago

300 Real Estate Quiz on Chapter 3, created by Ryan Fryer on 15/09/2015.

Question 1 of 20

Under the federal Lead-Based Paint Hazard Reduction Act, which statement is true?

Select one of the following:

Explanation

Question 2 of 20

What do UFFI, lead-based paint, and asbestos have in common?

Select one of the following:

Explanation

Question 3 of 20

The law that contains the broadest liabilities for the environmental cleanup is the

Select one of the following:

Explanation

Question 4 of 20

Which people do not have liability under the environmental law?

Select one of the following:

Explanation

Question 5 of 20

When attempting to discover environmental hazards in real estate transactions, licensees can do several things to minimize their professional liability. Which of the following is not advisable?

Select one of the following:

Explanation

Question 6 of 20

The Residential Lead-Based Paint Hazard Reduction Act requires

Select one of the following:

Explanation

Question 7 of 20

The most common sources of lead poisoning in a home are

Select one of the following:

Explanation

Question 8 of 20

Which of the following is true regarding asbestos?

Select one of the following:

Explanation

Question 9 of 20

Among the most common sources of carbon monoxide in a house

Select one of the following:

Explanation

Question 10 of 20

Which of the following is true about radon?

Select one of the following:

Explanation

Question 11 of 20

Which of the following can protect a buyer from unexpected environmental problems after closing?

Select one of the following:

Explanation

Question 12 of 20

The most important step involved in managing the risk of environmental hazards is to

Select one of the following:

Explanation

Question 13 of 20

What environmental problem is often the cause of the decline of urban values?

Select one of the following:

Explanation

Question 14 of 20

The purpose of the laws concerning asbestos is to

Select one of the following:

Explanation

Question 15 of 20

A colorless, odorless gas that is significant health hazard that occurs as a natural byproduct of combustion is

Select one of the following:

Explanation

Question 16 of 20

The term encapsulation refers to the

Select one of the following:

Explanation

Question 17 of 20

Which of the following describes the process of creating a landfill site?

Select one of the following:

Explanation

Question 18 of 20

Where is urea-formaldehyde most often found in residential properties?

Select one of the following:

Explanation

Question 19 of 20

Contamination from underground storage tanks (USTs) is

Select one of the following:

Explanation

Question 20 of 20

CERCLA regulations for administration of the Superfund, which helps pay for cleanup of uncontrolled hazardous waste sites,